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Getting back to the idea of the modern era ushering in the existence of "virtual land" that Smith, Ricardo, George, etc. never envisioned... It might be argued that the purpose of a tax is to ensure that those benefiting from the system are paying for the system. Companies who rely on...

Not the point of the thread.

Come on guys... I realize that there are certain desirable aspect of the "fairtax", but if you are going to claim it is better than LVT, you must present an argument as to how it more appropriately accomplishes the purpose of its existence.

Without getting into a flame war it is worth considering what the role of a tax really is. The question is whether the LVT is the more appropriate method for accomplishing the purpose of the tax. The present political argument is that there is a "system" that people are benefiting from but...

I've considered that many times, but you should realize that most proponents of LVT suggest the possibility of deferring taxes for a defined period. The idea there is that taxes cannot be exempted, but for certain circumstances, like the one you proposed, there would be an allowable deferral...

The point of this thread is that you must argue against the LVT. Not simply declare that another tax is better or more appropriate.

Honestly this is one of the only areas that is difficult with this tax in the modern world. Most other concerns are trivial and indicate that people don't have a true grasp of what a tax is. Anyway, the issue is that we no longer simply have material land. WE also have virtual real...

i was once a big proponent of the fairtax and still might be, but it has inherent problems also, and isn't anywhere near as simple and transparent as an LVT. Also the incentives are not necessarily properly aligned. But it does have some very appealing aspects. Anyway, the intent of this...

How did they make the $1billion? Where do they live? Also, the debate should consider what the purpose of a tax should be.

I should note that on the same basis that it discourages land speculation it also effectively fights urban blight. The owner of a decaying building, especially in urban settings, is severely punished for allowing his building to decay. His taxes will remain or even increase as his revenue...

The first thing to consider is that theoretically, the simple version of land value tax (LVT) better protects against real estate bubbles. Remember that such a tax significantly discourages land speculation. The basis for this theory is that land speculation as it currently exists is...

Sounds like the topic will be a bit of an eye opener for many around here. :D

Alright guys here it is... http://www.elitetrader.com/vb/showthread.php?s=&postid=3581366#post3581366 Does anyone want me to provide a quick background to get things started?

At the request of those on both sides of the isle here in P&R, I'm starting this thread to debate the merits of the land tax. This thread is meant as one in which participants will check their ideologue biases at the door in pursuit of an honest debate. Both sides should be well...

Ok, shall I start it here or in economics? I'm not really sure who Ivan is, but I've been considering the idea of land tax as a preferable system for a little while. I'd like to hear an honest debate from multiple perspectives.

The govt land is generally exempt from taxation. As all tax revenue is fungible, they would essentially be using other land tax to pay their own land tax, which would be a wash. But that brings up an interesting point. Govt programs that would restrict development would result in reduction...

I'll throw out a topic just to get things started. Economics.... The idea is to scrap the entire tax code as it stands now and replace it with land value tax based as a flat % of unimproved land value. To guide the discussion, we might wonder why this type of tax has the best...

In all fairness, the market you function in is one of the most capital intensive. Even at $50MM you are small. Whereas in some of the futures markets and in Forex, $50MM is plenty to run a profitable fund. Obviously this depends on the terms from your seeder, and in your case you really need...

Yes it is a pretty good thread, but a bit outdated now. The alternative investment world has shifted significantly and fundraising along with it.

I'm not a "righty" but I think it is pretty obvious that any comparison to Hitler is exaggeration. Though there are admittedly many coincidental similarities in their individual histories. As neither a supporter or opponent of Obama if I had to compare him to a historic dictator it would...