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Source link: http://archive.mises.org/15245/classical-liberalism-and-the-single-tax-on-land/

Classical Liberalism and the Single Tax on Land

January 6, 2011 by

The famous physiocratic tenet that only land is productive must be considered bizarre and absurd. It is certainly a tremendous loss of insight compared to Cantillon, who identified land and labor as original productive factors, and entrepreneurs as the motors of the market economy. FULL ARTICLE by Murray N. Rothbard

{ 1 comment }

billwald January 6, 2011 at 2:39 pm

How would this change the tax bill for the working class and the rich class ? In Washington State tax bills run about 1% – 1.5% of assessed value. Around $2,000 – $3,000/year on the median house of $250K? Bill Gates’ house? According to King County public records, as of 2002, the total assessed value of the property (land and house) is $113 million, and the annual property tax is just over $1 million.

What is the fair flat tax per acre I would pay ($150K house) and Bill Gates would pay?

Would your plan be revenue neutral? If not, how would you balance the books?

Washington State taxes real estate on “highest and best use” and comparative sales. I think this is about as reasonable as possible.

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