The Pittsburgh Experience

LVT – FOUND AND LOST

Why was a successful LVT system abandoned?

 The text is presented in the following sequence:

  1. General background.
  2. Pittsburgh history.
  3. Events leading to abandonment.
  4. Aftermath.
  5. Conclusions and comment.
  6. Appendix 1: General information.
  7. Appendix 2: Neo-classical economics.
  8. Appendix 3: Building permits table.
  9. References.

1.  General Background

Before embarking on the history of Pittsburgh it is necessary to say a few words about the structure of taxes generally in the USA.  To an outsider the US tax system would appear quite complex and onerous. There are federal taxes and state taxes before getting to local taxes.

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The New Zealand Experience

LVT – FOUND AND LOST

Why was a successful system of LVT abandoned?

The text is presented in the following sequence:

  1. Background history.
  2. Events leading to abandonment.
  3. Conclusions and comment.
  4. Appendix 1, Roger Douglas.
  5. Appendix 2, Neo-classical economics
  6. References.
  1. Background History

New Zealand holds a rather special status in that it was notably the first country to introduce a system of LVT for raising revenue (2).

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Advance Rent Collection

The Economic Rent Collected in Advance

As explained in the basic principles of part1 the economic rent of land arises inexorably and is collected by whoever is in control of the land, whether an individual or a government. One interpretation of Ricardo’s law of rent states:

‘The rent of land is determined by the excess of its product over that which the same application can secure from the least productive land in use’ (1).

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Work, Gift and Theft

A discussion of ownership and property.

This essay was first written in 2005.  Edited versions were published in Resurgence magazine in March 2006, and Land and Liberty in Autumn, 2008.  Apart from some minor amendments, the version here is un-abridged.  On re-reading I believe the points made are still relevant; very little has changed; all the basic economic processes and structures are still in place.

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