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Charter Cities built by land tax

See this very interesting TED talk on by Paul Romer on making cities from scratch that follow new rules to allow choice and experimentation.

Near the end he unveils how it becomes self funding with…a land value tax.

Paul Romer  TED talk

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  1. Sitor says

    Many in Ireland and elsewhere would know the adage known as Murphy’s law

    I never had a slice of bread,
    Particularly large and wide,
    That did not fall upon the floor,
    And always on the buttered side

    The law’s name supposedly stems from an attempt to use new measurement devices developed by the eponymous Edward Murphy.

    A further iteration has evolved to that of “Dora Murphy’s Law”.

    In the Lands tribunal for Northern Ireland Belfast Dec 1988 Dora Murphy did challenge the imposed NAV tax increase.

    In evidence the District Valuer assessment tax increase was specified as being attributed to her improvement.
    “full central heating now valued”.

    As with windows, chimneys, a second storey, the history the world over is full of examples where behaviour is changed as a consequence of taxes on peoples dwellings and commercial premises.

    In Dora’s case to validate her claim, of tax gouging, she made comparison with surrounding dwellings on their improvements for the court to further waste its time. It is this self reinforcing process of tax justify’s tax. Because the tax is legal any and all forms of inquiry into the behaviour of making improvements is justified by due process of the courts. Now the neighbour’s assessment’s are brought up to date with supplementary valuations as to the quality of their improvements so the tax collection process is self reinforcing by the ‘disclosure in proceedings’ of neighborhood improvements.

    Herein proves that taxes maybe legal but they are not moral as the change in the behaviour as a consequence of the impost is self evident and to the detriment of the locality as they detract from performing maintenance. Cornered public officials do not dispute this reality. Many in private conversations with me and as a response to providing public revenue modeling services, even going as far as to say: “the imposition of taxes on production and consumption at any level is a political decision not an economic one”.

    Dora Murphy’s Law is I guess is if I’m taxed, then so shall you be!

    So we all know what needs to be done.

    RATE THE SITE RENTAL OF LAND. Buildings aren’t rented they are hired by occupants. And taxed by governments and the people in them and that has to stop if an economy is to be achieved instead of the maintenance in public policy of the monopliconomy.

    Ninety-five percent of public revenue systems that are attributed to the land ie Land Tax, are a quasi title-holding tax for some, while the majority of land in district is exempt from contributing to the public purse due to political engineering for perceived rights of some at the expense of the majority who don’t enjoy the same privilege.

    Now in 2009, the time has arrived where spacial mapping overlay to revenue analysis can measure what is the suppression of economic activity as a consequence of building taxes to the private stock. The genuine economic behaviour of the populous as a consequence of tax policy is measured in the tens of millions of dollars on the dwelling values in the hundreds of miooion sof dollars at the municipal level.

    The profession of this industry is termed economology to show that economics is a taxed based society where economology is a rent as revenue based one.

    Watch the indicators in the region where this site value revenue measure is being implemented as history will show over the next 10 years it will outperform neighbouring locales which do not enjoy the same level of economy.

Continuing the Discussion

  1. charter cities - linked to this post on February 6, 2010

    […] South Korea, unleash the potential of the people who use its rules to connect with each other. …Charter Cities built by land tax Smart Taxes NetworkCharter Cities built by land tax. See this very interesting TED talk on by Paul Romer on making […]