>I don’t see how this really follows. Land value is more like a wealth tax than an income tax, right? In the sense that it taxes something held, rather than inflow/outflow.
I agree it is on possession, or something held. The proposition follows not from that property, but the idea that taxes would "trickle up". The idea that it doesnt matter if warren buffet no little land, because taxes levied on farmers and renters would pass on the costs.
Land is much more evenly distributed than wealth and income. Similarly, consumption is much flatter than income.
Hmm. I think you might be right. At least, we should not predict that the tax burden will be successfully passed along to Warren Buffet. I mean, it would be a massive change to a very dynamic system so I don’t think we should make any confident predictions.
I dunno. The existence of Warren Buffet-s is something that a lot of people object to. But, I think if the very rich exist, but are not hoarding the gains of natural resources too much, it isn’t really a huge problem. If he gets a bunch of money through making good calls as to which businesses will be productive, that’s good for society as a whole. As long as that productivity doesn’t come from extracting rents.
I agree it is on possession, or something held. The proposition follows not from that property, but the idea that taxes would "trickle up". The idea that it doesnt matter if warren buffet no little land, because taxes levied on farmers and renters would pass on the costs.
Land is much more evenly distributed than wealth and income. Similarly, consumption is much flatter than income.