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their value depends on human input. not on their owners

this paper explains it very well

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city land values rise over time due to community efforts and public investment benefiting landowners without their effort

imaging you bought your home 50 years ago in SF

your home is worth much more now

not because of anything you did

it’s the result of the efforts of all those who contributed to making SF richer. including (of course) the public at large through their taxes

taxing land rent is crucial as credit fuels land ownership, turning rents into unproductive debt and risky bubbles

raising land tax to 5.55% while cutting capital and labor taxes could boost output 15%

tax unearned land rent more. work and capital less

problem: the political power of landowners

solution: BITCOIN BANK

true progress means lifting everyone-losers compensated. winners multiplied

few policies can achieve this

let's be brave and do it

How does any of this justify the morality of taxation? Taxation is still theft.

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