Originally posted by tractor
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However i also believe that if you're going to tax income (which i'm generally against anyway) you should tax it at the same rate regardless of the source.
Why do you believe land value tax would be a problem? The transition might be a bit messy but there's nothing fundamentally wrong with it.
Indeed there are several benefits to it, (1) it does not distort the natural market, and as i believe the market is the best way to allocate resources a system that does not distort this is very good (2) it's more or less impossible to avoid paying it, you can't really claim your factory or your house is actually based in the cayman islands (3) It's generally quite simple, there would have to be a bit of bureaucracy determining the value of land every year but i can't see that being any bigger than the current HMRC army. Also means accountants would be more a less a thing of the past.

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