tag:blogger.com,1999:blog-4471993488623327927.post691381098903194162..comments2024-03-13T06:57:54.343+00:00Comments on Obnoxio The Clown: Saint Vince and the feet of clayObnoxio The Clownhttp://www.blogger.com/profile/12012089552153702526noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-4471993488623327927.post-51666684258704544222009-09-22T10:58:03.686+01:002009-09-22T10:58:03.686+01:00"the loopy idea of taxing people for their po...<i>"the loopy idea of taxing people for their possessions"</i><br /><br />*sigh*<br /><br />A government, however small, as to get tax from somewhere, and what you can tax boils down to two things: productive activity or land values. If you tax the former, you get less of it, which is bad all round (and as AC1 always says, why is somebody's time and effort not their "possession"? To whom else does it belong, pray tell?).<br /><br />If you tax the latter, do you get less land? Nope. The value goes down, that's all. It's like having higher interest rates on mortgages (only much better -> dampens property price bubbles, which as we well know always burst sooner or later, i.e. lead to recessions).Mark Wadsworthhttps://www.blogger.com/profile/07733511175178098449noreply@blogger.com