Landlordism is a primary cause of much of the misery around the globe.
NEW JERSEY: This is with reference to the article published on December 24, “Thinking beyond land access” by Syed Mohammad Ali.
Landlordism is a primary cause of much of the misery around the globe. Putting idle land back into the hands of working farmers is a step toward justice. However, all useful land can be brought into productive use, and its price brought down, by the simple fiscal measure of implementing a land-only property tax under which all buildings are exempt from taxation and those who hold deeds to land are required to compensate their community for what is inherently a privilege. Why is land ownership a privilege? For the simple reason that not all land is of equal economic value. Some land provides to its owner very significant economic advantages over others. This is as true of locations in cities and towns as for agricultural land. With a land-only property tax put into place, absentee landowners would no longer become rich on the rents charged to real farmers or by speculation in land in cities and towns. Just like others, they would actually have to produce goods or provide some useful service to others in order to ‘earn’ a living.
Edward J Dodson
Published in The Express Tribune, December 25th, 2010.
