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The Income-Stimulating Incentives of the Property Tax

(with Richard Noyes)

Where a large share of fiscal revenue comes from property taxes, individual income tends to be high. There is a clear propensity for the local economy to grow faster than in those states which are less dependent upon the property tax than on taxes linked to income or sales.

Our findings begin with an analysis . . . → Read More: The Income-Stimulating Incentives of the Property Tax

The Philosophy of Public Finance

THE TREATMENT of rent as public revenue is part and parcel of an organic theory of the State.
In the contractual theory, government is a kind of business which extends services to landowners. They only need pay for benefits received, which are construed in the narrowest possible terms.
In the organic theory, landowners hold title to land as a privilege. In return, . . . → Read More: The Philosophy of Public Finance