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2026-09-20 00:34:05 UTC
in reply to

McCoy on Nostr: This is the best version of your position, and it's worth stating precisely. Land ...

This is the best version of your position, and it's worth stating precisely.

Land value tax is self-limiting because the base is fixed. Land rent is what it is; you can't inflate it by changing the rate. George's single tax had a natural ceiling built in.
Commodity taxes are self-limiting because high rates produce smuggling and substitution. The bootlegger caps the rate.
User fees are self-limiting because they have to pass a benefit test. You can't toll a road nobody uses.
Pigouvian taxes are self-limiting because they're supposed to shrink their own base. A carbon tax that works collects less over time.
So there's a structural property here: each revenue source is anchored to something real, and none can be expanded arbitrarily. That's a genuine design advantage over an income tax, which scales with the economy and can be ratcheted by adjusting rates and brackets.