Re:Detroit wants to be the first big American city to tax la...
by etothepii on Tuesday October 17, 2023 @11:25AM
(#37916602)
I do not support Wealth taxes. I would heartily support a land value tax.
Though popularised by George it was first rigourously analysed by Adam Smith in the Wealth of Nations.
We are, ultimately, all tenants of our sovereign. Our sovereign protects us from enemies both foreign and domestic. They do not protect our incomes, or our assets but by and large most societies do agree that it is a matter of fact that can be arbitrated in a dispute as to who owns which piece of land.
Though popularised by George it was first rigourously analysed by Adam Smith in the Wealth of Nations.
We are, ultimately, all tenants of our sovereign. Our sovereign protects us from enemies both foreign and domestic. They do not protect our incomes, or our assets but by and large most societies do agree that it is a matter of fact that can be arbitrated in a dispute as to who owns which piece of land.