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If, say the USA implemented a nationwide land value tax, what would the effects be of it?
A land value tax is generally considered a progressive tax since, to quote John Stuart Mill "A tax on rent falls wholly on the landlord. There are no means by which he can shift the burden upon anyone else. It does not affect the value or price of agricultural produce, for this is determined by the cost of production in the most unfavourable circumstances, and in those circumstances, as we have so often demonstrated, no rent is paid. A tax on rent, therefore, has no effect other than its obvious one. It merely takes so much from the landlord and transfers it to the State." So, I'm guessing a land value tax would be very recipient to smallholders and would be very hostile to Southern plantations?
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