This video explains very well what Land Value Taxation is and how it can replace other taxes. I think it can definitely lead to more fairness in society. I thank Dr Bramhall for bringing it to our attention.
The Taxing Question of Land
Directed by Yoni Higsmith
The Taxing Question of Land is a British documentary about Land Value Taxation (LVT), a concept first proposed by American Henry George in 1879 (see Progress and Poverty: a Suppressed Economic Classic).
The filmmakers use simple cartoon infographics to argue that LVT is an ideal solution to a global debt-based economic crisis, especially as nothing else has worked. I tend to agree, provided LVT is combined with a return to sovereign money.* So long as bankers retain the power to create money out of thin air, they will always tilt any taxation scheme in their own favor.
The basic definition of Land Value Taxation is a tax that captures a percentage of land value on an annual basis to cover public expenditures. In his 1879 book Progress and Poverty, Henry George’s main argument for Land Value…
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