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A comment on G7: Rich nations back deal to tax multinationals. Parent comment
The land tax has zero deadweight loss, because what it's taxing is pure economic rent, rather than production of value:
https://en.wikipedia.org/wiki/Land_value_tax
Any tax imposed on anything except scarce natural resources will be penalizing the creation of wealth, and impose deadweight losses.
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The land tax has zero deadweight loss, because what it's taxing is pure economic rent, rather than production of value:
https://en.wikipedia.org/wiki/Land_value_tax
Any tax imposed on anything except scarce natural resources will be penalizing the creation of wealth, and impose deadweight losses.