Constantin Gurdgiev gave a good overview of why a land tax is essential if Ireland is to build a smart / knowledge economy a few months back on the Renegade Economist. It’s probably worth reviewing his arguments today, the day Fianna Fail ruled out a (admittedly unfair) flat rate property tax. Gurdgiev blames the disparity in taxation between investments in human capital (e.g. increased education) – typically each additional Euro earned is taxed at 53% – and investments in land, where the return on investment is taxed at a much lower 26% or so (sometimes even 0% because of various tax breaks).
Meanwhile in the Financial Times, American progressive left economist Michael Hudson argues that there is an alternative to austerity – the burden of taxation should be moved from labour to resources such as land: … (full text).
Links by key-word Land Monopoly:
Kopp Verlag, by Niki Vogt, July 15, 2010;
Mutualism (an economic theory);