A distinguished interdisciplinary group of scholars examines the
merits and shortcomings of Land-Value taxation, and how it compares
and contrasts with the conventional property tax. The latter is
shown as deterring enterprise to the detriment of employment and as
pushing up the cost of improving property with inflationary
consequences. The former, with evidence from places where it is
already in use, is shown to encourage optimum land use, foster
employment, and prevent urban sprawl.
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