Jeff Spross‘ argument on a land value tax (LVT) as a means for local governments to raise additional revenues.
The cool thing about an LVT is it really reveals how an economy is really an ecology. Everything is interconnected, no man is an island, and no single act of productivity can truly be carved out from the cooperative whole. No one can create more land and no can make land itself intrinsically better, so when the value of land rises, that is literally an ecological phenomenon. In truth, a sizeable portion of the wealth our economy creates really does belong to no one and everyone at the same time.
[photo via Mike Mozart]