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WiM024 - The Frisby Series | Episode 5 | Taxation in History and Modernity
The "What is Money?" Show
The Principle of Land Value Tax
Under this system, we're talking utopia, no printing of money's allowed. We're in a bitcoin standard, so governments can't print money. And everyone's got a little plot of land. So you just tax the value of the land itself, not the building that's on it. Prime city centre real estate will command a high tax, because it's because of the needs of the community. The idea is its consumption tax is based on what you use, rather than what you create.So if you want a really big, rich, cadent city centre house, fine, but you can have to pay aa higher a rent than the guy who's just got a tiny
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