Re:Georgism
by rswail on Sunday May 17, 2020 @10:33AM
(#23212283)
If you follow MMT, taxes are the way governments withdraw money from circulation.
> So you collect the money for the infrastructure project by land "tax" before you begin with construction.
No, you use land taxes after completion to pay back the debt incurred to create the infrastructure. Adjustments of valuations based on the advantages of the infrastructure result in a greater burden of that repayment on those that receive the greatest benefit, but everyone contributes.
> So you collect the money for the infrastructure project by land "tax" before you begin with construction.
No, you use land taxes after completion to pay back the debt incurred to create the infrastructure. Adjustments of valuations based on the advantages of the infrastructure result in a greater burden of that repayment on those that receive the greatest benefit, but everyone contributes.