Comments by "John Burns" (@johnburns4017) on "A wealth tax might require that you report your wealth each year Do you really want that?" video.

  1. Do not tax Capital, tax Land. A house is depreciating capital, the bricks.
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  2. Get to understand Land Value Tax.
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  3.  @DFJA01  Labour, production, should not be taxed.
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  4. @ If the house is a strong room its value may rise taking the land value with it. Then the landlord pays more. If no one knows the the values stays static. But getting permission in a residential area to build a commercial strong room?
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  5.  @jeffocks793  Most of the very rich acquired their wealth via economic rent - in short, someone else created it. The richest in the UK are landowners taking rent.
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  6. Use Land Value Tax as it does not require anything to be reported. Whatever the value the land is you are taxed on that. Set the rate high enough then income tax can be removed or vastly reduced. BTW, far better than Trump's harmful tariffs.
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  7.  @PomuLeafEveryday  Look at the meanings of the words - Land Value Tax. If farmland is low value the farmer pays little LVT. The farmer will not pay income tax with a full LVT system.
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  8. @ LVT transcends all that. LVT cares not a hoot who owns the land - only its value.
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  9. "value like property and water." property = land. Land is not portable, with its location known to the inch. It cannot be taken off shore or hidden. Also a communities economic activity soaks into it. Reclaiming that commonly created wealth makes sense. Land Value Tax does that. What we create, we use use for our services.
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  10. @ Churchill on Land Value Tax... They talk of the increased profits of a doctor or lawyer from the growth of population in the town in which they live. They talk of the profits of a railway, from the growing wealth and activity in the districts through which it runs. They talk of the profits from a rise in stocks and even the profits derived from the sale of works of art. But see how misleading and false all those analogies are. The windfalls from the sale of a picture — a Van Dyke or a Holbein — may be very considerable. But pictures do not get in anybody’s way. They do not lay a toll on anybody’s labor; they do not touch enterprise and production; they do not affect the creative processes on which the material well-being of millions depends.
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  11. Look up Land Value Tax. It rewards the productive.
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