Astral Codex Ten

LVT

4 min read

LVT

Article

LVT is a recurring concept in the Astral Codex Ten archive, appearing 4 times across 4 issues between December 09, 2021 and September 22, 2022. The archive places it in contexts such as “the anti-sprawl effects of the policy are appealing enough by themselves to earn the endorsement of YIMBY’s and urbanists like Strong Towns”; “the purpose of LVT is not just to raise revenue, but to end speculation”; “accept LVT as part of this balanced budget breakfast”. It most often appears alongside Georgism, Fortress Of Doors, Lars Doucet.

Metadata

  • Category: Concepts
  • Mention count: 4
  • Issue count: 4
  • First seen: December 09, 2021
  • Last seen: September 22, 2022

Appears In

Source Context

Recovered passages from the original issue text. When the raw archive preserved outbound links inside the source passage, they are listed directly under the quote.

Does Georgism Work? Part 1: Is Land Really A Big Deal?
December 09, 2021 · Original source
Part 0 - Book Review: Progress & Poverty Part I - Is Land Really a Big Deal? ?? (You are here) Part II - Can Land Value Tax be Passed on to Tenants? Part III - Can Unimproved Land Value be Accurately Assessed Separately from Buildings?
Inline links: Part 0 - Book Review: Progress & Poverty, Part II - Can Land Value Tax be Passed on to Tenants?, Part III - Can Unimproved Land Value be Accurately Assessed Separately from Buildings?
For those of you wondering who this "Lars" guy is, I'm the Astral Codex Ten reader who reviewed Henry George's Progress & Poverty for the book review contest. Henry George is the founder of an economic philosophy known as Georgism which is principally concerned with the deprivations caused by unchecked rentiers. George is famous for promoting two specific policies, the Land Value Tax (LVT) and the Citizen's Dividend (what we would now call a Universal Basic Income).
Inline links: Progress & Poverty, Georgism
Landlords will just pass Land Value Tax (LVT) on to tenants, so it won't work
Does Georgism Work? Part 2: Can Landlords Pass Land Value Tax on to Tenants?
December 10, 2021 · Original source
Part 0 - Book Review: Progress & Poverty Part I - Is Land Really a Big Deal? Part II - Can Land Value Tax be passed on to Tenants? ?? (You are here) Part III - Can Unimproved Land Value be Accurately Assessed Separately from Buildings?
Inline links: Part 0 - Book Review: Progress & Poverty, Part I - Is Land Really a Big Deal?
Georgists assert that landlords cannot pass Land Value Tax (LVT) on to their tenants. (Land Value Tax is a tax on the unimproved value of land alone, excluding all the buildings and other improvements.) Many critics are skeptical of this, because just about every other tax in the world is passed on. Why should LVT be so special? By George, if Land Value Tax is easily passed on to tenants, then it has no power to curb land speculation, and you can stop reading this article.
Imagine I'm a landlord, and I have a vacant lot I'm renting to a tenant who's got a mobile home parked there. What's going to happen if a Land Value Tax is imposed on me? Well, I'm already charging as much as the market will bear. If I charge any more, my tenant will move out. But why shouldn't I be able to pass on the tax to the tenant? If you tax gasoline or cigarettes, the prices go up and are ultimately borne by the customer. Why should land be any different?
Open Thread 202
December 13, 2021 · Original source
No direct inline source block was recovered for this mention.
Highlights From The Comments On Billionaire Replaceability
September 22, 2022 · Original source
No direct inline source block was recovered for this mention.