“Economists are almost unanimous in conceding that the land tax has no adverse side effects. ...Landowners ought to look at both sides of the coin. Applying a tax to land values also means removing other taxes. This would so improve the efficiency of a city that land values would go up more than the increase in taxes on land.”
Quote by William Vickrey
Author
William Vickrey
William Vickrey was a Nobel Prize-winning economist renowned for his contributions to auction theory. His research in economics had a profound impact on modern auction practices. more
You May Also Like
Source: European culture and overseas expansion
“As a kid I was made to walk the plank. We couldn't afford a dog.”
“I can give you the cause of anaphylactic shock in a nutshell.”
“Remove every barrier you can to fandom. A fan will be an evangelist for your work.”
“I’m a child of the universe, I have lived in almost all continents.”
“The days blur into one, and the backs of my eyes hum with things I've never done.”