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. Some economists favor LVT, arguing it does not cause economic inefficienc
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
Henry George
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Henry George was an American political economist, social philosopher and journalist. His writing was immensely popular in 19th-century America and sparked several reform movements of the Progressive E
George in 1886
Henry George Birthplace in Philadelphia
George's father Richard S. H. George
George with his son Henry Jr. and daughter Anna c. 1897