Explanation Part 1.

A BRIEF EXPLANATION OF BASIC PRINCIPLES

I suggest there are four basic principles or characteristics of LVT that may be expressed under the headings:

  1. Community created value.
  2. Taxation according to means.
  3. A direct tax.
  4. Simplicity and clarity.

3. A Direct Tax

LVT has the advantage of being a direct tax.

One of the arguments against indirect taxes is that they are indiscriminate, ie. they are paid equally by the rich and poor alike and are therefore unfair.  However they are popular with governments, as they allow the people to believe that     Continue reading