How to give back all the land

Reading: https://themaximin.substack.com/p/how-to-give-back-all-the-land

At 10% a year, an LVT earmarked for a Land Reparations Dividend would redistribute the value of all the nation’s land in just over 10 years. A guaranteed lifelong Land Reparations Dividend could even be borrowed against to buy secure assets—including land.

Don’t quite understand this^.

Taxing the value of the land regardless of how it is used incentivises landowners to use their land productively to offset the LVT, with no tax paid on said improvements.

The general idea is that its a perishing quantity, you need to start making money from it.

If you increase the price of labour, capital or technology through taxation the price of the product goes up so less of these factors are used. When land is taxed, it becomes a liability, its price actually goes down in that you want to make the most out of it if you take on this liability.