Land-Value Taxation: The Equitable and Efficient Source of Public Finance
Book: Land-Value Taxation: The Equitable and Efficient Source of Public Finance , by Kenneth C. Wenzer, ISBN10: 0765604493, ISBN13: 9780765604491, Sharpe, M. E. Inc., July 1999, Paperback
This collection of 20 essays (18 of which are original) examines the merits and shortcomings of Land-Value taxation, which has a benign economic influence, and how it compares and contrasts with the conventional property tax. The latter is shown as deterring enterprise to the detriment of employment and as pushing up the cost of improving property with inflationary consequences. The former, with evidence from places where it is already in use, is shown to encourage optimum land use, foster employment, and prevent urban sprawl. One of the other benefits of Land-Value taxation is that it is not a tax that can be avoided or circumvented, helping to reduce the cost of tax collection and enforcement. Contributions by a distinguished, interdisciplinary group of scholars include four, previously unpublished essays by William S. Vickrey, the 1996 Nobel laureate in Economics.
A collection of essays examining the merits of land-value taxation. Contributors distinguish between two types of property tax, that on land and that on other improvements, and present the meaning and workings of the land-value tax from a variety of standpoints. They concur that the land-value tax encourages optimal land use, fosters employment, helps prevent urban sprawl, and complements the free enterprise system. Specific topics include Henry George and land taxation, tax reform to release land, and interest originating from invested rent. Other subjects are the rise of the British land-taxing movement, Pennsylvania farmers and the split-rate tax, and the single- tax fiscal system. Annotation c. Book News, Inc., Portland, OR (booknews.com)
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