I am very confused why the tax is 99% in this example.
It’s common for Georgists to propose a near-100% tax on unimproved land. One can propose a smaller tax to mitigate these disincentives, but that simultaneously shrinks the revenue one would get from the tax, making the proposal less meaningful.
I am very confused why the tax is 99% in this example.
It’s common for Georgists to propose a near-100% tax on unimproved land. One can propose a smaller tax to mitigate these disincentives, but that simultaneously shrinks the revenue one would get from the tax, making the proposal less meaningful.