An Idea Worth Implementing
Ask nearly any economist. Discover what left and right can
agree on. It’s the political and economic philosophy that reconciles and validates
the needs of both community and the individual. What do you have?
Land Value Tax
Land Value Tax; also called site value rating, the single
tax, economic rent, incentive taxation, the Smart tax, well you get the point.
It’s a Great Idea,
One of the most important questions that the Center for the Study
of Economics – a.k.
The American Dream: Levittown 1948
UrbanTools (as the outreach arm of the Center for the Study
of Economics) has successfully helped communities discover that land value
taxation is a fair and equitable way to reduce the tax burden on the poor, the
middle class and productive citizens.
deploying local LVT, we demonstrate in policy the fact that there is an
alternative to tax systems that keep people down in force communities to
struggle to pay for the basic bills to keep our local societies going.
Pop it now!
Moseying through the tinny yet strident “news” from the real
estate markets that housing is on the rebound.
To the real estate industry and theirflacks
in the press
, we're meant to believe any increasing equity will redound to
the benefit of homeowners. Not quite.
Remember where it all started: the unholy triangle between activist
government (everybody gets a house with NO money down) crooked to lazy lenders,
and banks who wanted a piece of the action (even though they had no clue
Once Convention, Two Convention, Three Convention, Floor
Albuquerque, Lancaster, Charlotte
When it comes to urban redevelopment issues, nothing sticks like a truism that is no longer true. Government as real estate tycoon comes to mind.
Since the late 1960s, any city worth its salt and a modicum of other people's money (yes, yours), knows that they are simply one project away from turning the supertanker around and avoiding the rocks.
It used to be government buildings: they would "turn around" the city of Albany New York, and also to satisfy Nelson Rockefeller's
The Point Breeze Garbage Lot/Museum is still a live story that may end up biting someone. The City Controller
has rebuked the Philadelphia Redevelopment Authority for treating a good citizen likedirt
, as we reported a few days ago.
Now, the builder- Ori Feibush - has respondet as the PRA has wished (putting the trash back and removing the amenities) but by starting his ownweb site as a platform
for the coming battle. Even the hacker ANONYMOUS is getting into the actas Jon Geeting reports.
The Name of the Place Is I Like it Like That: 20th and Annin Streets, Point Breeze
There's neighborhood in Philadelphia called Point Breeze. By any measure, it’s been abandoned and
abused by the economy, government and the larger community for decades. The neighborhood itself is essentially no
longer owned by the people that live there.
Point Breeze: Overwhelmed by absentee owners
It's not surprising that residents who are
left see how fragile things are, and can't be blamed for being suspicious of
An item that has been making Front Page news lately has been the mess into which Scranton, PA has sunk. Wecommented
, and got lots of response. The nicest was fromDavid Madeira
, a talk show host for 94.3 FM. He asked UT director Joshua Vincent to come on and make sense of the fiscal and economic history behind Scranton's woes and our proposal to let Scranton return to fiscal sanity by using a tool it already, but barely uses: the land value tax.
Assaults on the property tax have been commonplace in the US (and Australia,New Zealand, etc.) in the past few decades. We think that the property has a lot wrong with it; but its a situation that calls for a scalpel not an atom bomb. Here are some basic alternative solutions, including the land value tax as a way to abolish the tax on buildings.
Four Ameliorations for
Assessment Increases or Tax Increases: an Analysis
William Batt, Ph.D.,
Joshua Vincent, ED
Dr. Herbert Barry of Pittsburgh
, an UrbanTools Director has shown his adeptness in outreach to all forms of media, including print and now radio. Please call in to the radio show on Friday March 30, to participate in this broadcast.
I will be interviewed on a radio show, on Friday 30 March 2012, 10:00 to 10:30 AM (Eastern time). Listeners can access it at the phone number 1-424-220-1873. The title I chose for the program is"How to remedy our maladaptive sources of government revenue.
Steve Hanke and Stephen Walters have been writing on taxation and economic policy for years, with close analyses of what makes urban areas hit or miss. Theirlatest piece
in the Wall Street Journal emphasizes why some cities are more stable than others: reasonable taxes. Some might disagree that low property taxes are the driver of growth, although that helps. Taxation on mobile forms of wealth, like incomes, commerce and sales hurt more.
Happily, respected Case Western economics professor
Motorola going Mobile? Not onmywatch.
There are very few states where of New Jersey would feel bullish enough to try andpoach a business
from a high tax climate. Yet, Illinois has made the grade, thanks to an increase in income and corporate tax that roughlydoubled at the beginning of 2011
. Governor Pat Quinn actually went onto the floor of the Illinois Legislature when the measure passed to thank the Sens. and Reps.
The confidence of neighboring states took a hit, though, when the larger corporate entities, such as Sears, the Chicago Mercantile Exhchange and Caterpillar, sensibly started exploring cheaper places to do business.
Theeditorial on April 23
urging taxation of the natural-gas industry ("Drillers should pay a tax") advanced the argument that such a move would help protect and pay for accidents and missteps when it comes to our valuable watersheds. Actually, though, our common-law heritage of riparian rights might make recourse to civil or criminal law a more appropriate remedy.
Still, Gov. Corbett ought to rethink his position on two ends: the front end (the existing resources sitting in the ground) and the back end (the severance of those resources from the ground).