Land value tax
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A land value tax is a levy on the value of land without regard to buildings, personal property and other improvements upon it. Economists favor LVT, arguing it does not cause economic inefficiency, an
With an LVT, both this abandoned lot and the adjacent buildings would pay the same amount in taxes. This incentivizes the owner of the abandoned lot to either use the land for economic activity or sell it to someone who will.
Everybody works but the vacant lot – Henry George
Anne Robert Jacques Turgot, a leading physiocrat
Henry George in 1865
Georgism
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Georgism, in modern times also called Geoism, and known historically as the single tax movement, is an economic ideology holding that persons should own the value that they produce themselves, while t
Land value tax
…it does not hurt economic activity, and encourages development without subsidies. A type of land value tax known as the single tax became central to Georgism, a normative school of economic thought. Henry George, its originator, argued that a land value tax should be the only source of public revenue because…
Georgist single tax poster published in The Public, a Chicago newspaper (c. 1910–1914)
Henry George, whose writings and advocacy form the basis for Georgism
Henry George School of Social Science in New York City