Milton Friedman talks about property taxes

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lkbm · 2022-04 · Reference

Milton Friedman once commented that property tax is particularly unpopular because it's the only tax for which people still have to write a check[0]. That said, we could make income tax more visible without requiring tax professionals. (e.g., end withholding and send me a monthly tax bill; show the money go into my bank account and then back out, whether automatically or forcing me to write a check.) [0] [VIDEO]

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lukifer · 2021-08 · Reference

Many of the OG "classical liberals" had a much more nuanced take on privatizing land, supporting something more like usage rights, rather than fee-simple or alloidal land titles (private enclosure of land beyond subsistence was associated with aristocracy): "All the property that is necessary to a man for the conservation of the individual and his propagation of the species is his natural right, which none can justly deprive him of; but all property superfluous to such purposes is the property of the public, who by their laws have created it, and who may therefore by other laws dispose of it, whenever the welfare of the public shall demand such disposition." - Benjamin Franklin "Whenever there is in any country, uncultivated lands and unemployed poor, it is clear that the laws of property have been so far extended as to violate natural right. The earth is given as a common stock for man to labour and live on. If, for the encouragement of industry we allow it to be appropriated, we must take care that other employment be furnished to those excluded from the appropriation. If we do not the fundamental right to labour the earth returns to the unemployed." - Thomas Jefferson There is a wide range of middle-ground between the extremes of carving up the earth into micro-fiefdoms of absolute ownership, vs. all land being controlled by apparatchiks in the State Politburo. One of the most moderate is a tax on "ground rents", as proposed by Ricardo, Paine, and many others [0], to compe

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snidane · 2020-07 · Reference

Milton Friedman also proposed Land Value Tax as the least worst tax. Only the second least worst was this negative income tax. Both mentioned in this short clip [3:33 mins] "Milton Friedman talks about property taxes". [VIDEO]

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