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Academic Insights for the Thinking World

  • Author: Iain McLean

The merits of and case for Land Value Taxation

Politics matters for tax as tax matters for politics. The high-minded Scottish economist Adam Smith had ‘four maxims of taxation’: 1) Tax should be progressive.
2) Tax should be certain, not arbitrary.
3) Tax should be paid at the time most convenient to the contributor.
4) Tax should take as little from the contributors as possible to pay for the state.

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