Georgism

[JanLocke]

Not the value of the land; the valuation. Who decides how much the land is worth FOR TAX PURPOSES?

Can I buy the land under the Empire State Building for $1 in a sweetheart deal or structured deal and thus have it valued at $1 for tax purposes?

I am going to make this real simple for my first graders...

Ok class repeat after me:

Buyer - how much do you want to sell that land under the Empire State Building for?

Seller - two billion dollars

Buyer - too high for my pocketbook but you have just set your land valuation

Class - that is called the free market. The buyer (who just happens to be a private tax assessor) ask the seller what he wants for the land under the building. If the buyer thinks it is too high he sends him a land valuation bill. If the buyer thinks it is too low he buys it.

see this way everyone is happy (no force no fraud) and did you notice that there are no gov't agents snooping around?

good, because that scares the beejeezes out of the those neo-libertarians!