Does Georgism Work? Is Land Really A Big Deal?
Astral Codex Ten Podcast
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Land Value Taxes - Land Rents Versus Budgets
Research shows that land value taxes are capitalized in two land prices. If an income generating piece of land produced ten thousand dollars a year for you, and you knew you had to pay five thousand dollars ayear for the privilege of holding it, you'd probably only be willing to buy it for half as much if the tax didn't exist. I should note here that a lot of this land is already paying property taxes, which is at least partially a land value tax. Since the point of this exercise is to estimate how much a blanket l v t could raise, a more rigorous study would work out much present land prices have been depressed by existing land taxes.
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