Actually, that's not true. Property-less people will not be paying this tax - which inevitably means that, when the returns come in, they're getting more money. LVT doesn't clump all different land into one olive branch. It's an assessment tax. If I own land with a market value of $3,000 - and I pay 10% every year - that money is going to be divided up equally and carried around to everyone. The owner will receive a portion of his money back, while a property-less person will receive a portion of the owner's money for the first time.
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Defeating market theocrats since 2001.  
Last edited by GeneCosta : 06-06-2008 at 02:03 PM.
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