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I'm a georgist, so i'm a supporter of property taxes. The idea is that the land taxes don't benefit property owners or creditors, only industry and labour (wealth creation). Unlike most of all other taxes.

I agree that georgism is not without question marks. However your example is not one of those:

Person has a small plot of land (really small, maybe not even enough for subsistence) with a small home.

This person would pay zero LVT, because his plot produces only subsistence. LVT taxes only surplus, not necessary costs of capital or labour.

by kjr63 on Thu May 19th, 2011 at 05:05:33 PM EST
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