Funding UBI with a tax on land
We need to tax the super-rich, but what’s the best way to do it?
Hi Ellen Holliday,
Thank you for your in-depth response. I will first group your questions together before responding to each one of them.
I’m still having trouble wrapping my head around the practicalities of how much of those funds would actually be collected and how enough of it would make its way…
“Fewer people who could afford the land would choose to purchase land that will be taxed at such a high rate, so the value would fall. The problem is that you would end up with a surplus of land, land which isn’t generating tax revenue.”
If tax rates are set according to rental values, which is a better measure of the land’s…