Land Value Tax: A Better Way to Fund Society
A Land Value Tax (LVT) is a tax on the unimproved value of land. It is based solely on the location, size, and desirability of the land and excludes any buildings, structures, or other improvements made by the owner. LVT is rooted in the idea that while people are entitled to the value they produce from their labor and capital, the value of land comes from nature and the surrounding community and therefore should be reinvested into the public good. ...