“Land Value Taxation or LVT, also known as site or location value taxation. This tax is a levy on the unimproved value of a land site — a levy that, unlike property taxes, disregards the value of buildings, personal property and other improvements to that site.”
“Someone wishing to privatise one of those sites — to acquire and maintain exclusive private ownership of it — incurs a moral duty (which transfers to their successors) to compensate everyone else for their loss of that liberty. That is, in order to rightfully exclude others from sites which they might otherwise have used, you must compensate them.”
A philosopher’s take on Global Basic Income
“Land Value Taxation or LVT, also known as site or location value taxation. This tax is a levy on the unimproved value of a land site — a levy that, unlike property taxes, disregards the value of buildings, personal property and other improvements to that site.”
http://www.knowitwall.com/episodes/GBI_philosopher
“Someone wishing to privatise one of those sites — to acquire and maintain exclusive private ownership of it — incurs a moral duty (which transfers to their successors) to compensate everyone else for their loss of that liberty. That is, in order to rightfully exclude others from sites which they might otherwise have used, you must compensate them.”