The first major proponent of land value tax was the 19th Century American economist Henry George. In
The best way to make efficient use of resources, including land, is to tax them directly at a fixed rate, so that the more efficiently they are used, the more their owners benefit financially.
Therefore:
Implement a land-value tax, carefully coordinated with other taxes to create a maximum incentive to conserve land and other resources, and to maximize urban benefits per unit of urban land.
When …In finding funding for the Public Space System (p. 45), and accomplishing the other important goals of Urban Regeneration (p. 168) and other improvements, it is necessary to reform the taxation system, among other systemic reforms...
Then Use land value tax to fund Neighborhood Planning Center (p. 177) and other community resources for better-quality urban development...
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