Yes, they are. All of them are, in the aggregate.
Nope. If they try, people will just use less land. That puts the owners of the unused land over a barrel. They have to drop their price in order to get tenants and not lose money to the tax. If they just abandon the land, it is then available for use, and some other landowner will then be stuck with land taxes to pay and no tenant to pay them. Because supply is fixed, the market just forces the rent of all the land back down to its pre-tax level.
They just aren't able (in theory) to gain a competitive advantage that allows them to charge more rent than the other landowners, assuming the tax is proportionately levied on everyone. Assuming a perfectly competitive market, if the tax increases, all rents charged by landlords will increase in the aggregate.
Nope. Flat false. It's been known for 200 years that landowners can't pass on a land value tax, as explained above, and that fact is not disputed by any competent economist.
The effect of the poor paying rents to landlords doesn't go away at all (it actually increases, as shown below).
No such thing is shown below, or ever will be, anywhere.
A portion of it only shifts from the property rents landlord to the ground rents landlord, the state.
The UIE portion no longer has to be paid at all, proving you wrong.
The fact remains that supply is a dynamic variable - not fixed or inelastic - within its physical, theoretical limits.
The fact remains that the supply of land is fixed.
Here's an excerpt from an online tutorial (with the five variable criteria I mentioned bolded in red):
Microeconomics - Theory of Supply
Supply is defined as the quantity of a product that a producer is willing and able to supply onto the market at a given price in a given time period.
That definition specifically excludes land, as it is not a product, and has no producer. That is very much the point: something in fixed supply HAS NO PRODUCER BECAUSE IT CAN'T BE PRODUCED.
The seller in that case is referred to as a "producer" (a subset of sellers/suppliers), just as the "thing" being supplied is referred to as "product" (a subset of any thing being supplied). Supply is not constrained to producers and products, but the required elements are all there, regardless how the sentence is constructed.
False. A seller is not a producer. People selling the same piece of land around and around amongst each other does not produce land or increase the supply of land. B selling a thing to A does not increase the supply of that thing. That is one of the numerous places where you are going wrong.
LAW OF SUPPLY:
The direct relationship between supply price and the quantity supplied, assuming ceteris paribus factors are held constant. This economic principle indicates that an increase in the price of a commodity results in an increase in the quantity of the commodity that sellers are willing and able to sell in a given period of time, if other factors are held constant.
Wrong again. The Law of Supply does not apply to land because sellers are NOT ABLE to sell more, no matter how high the price goes. If you produce 10 bushels of corn in the expectation of selling it for $1/bushel, you might well produce 15 bushels if you expect to get $2/bushel. But if you have 10 acres of land, you can't sell 15 acres no matter how much anyone offers you. That is all fixed supply MEANS.
See that, Matt? For anything to be counted as "supply", there must be:
1) ability to sell
Right. And for anything to be in
increased supply, there must be an
increased ABILITY to sell. But landowners have no ABILITY to sell more land than they own, no matter how high the price goes. That is all "fixed supply" means.
That is not my idiosyncrasy at work. That is truly basic economics. Inability to sell - NOT SUPPLY.
Bingo. All the additional acres of land that no one is ABLE to sell because they don't exist and can never exist AREN'T PART OF THE SUPPLY.
Both of my quotes stand as the truth as it relates to land and LVT. The greater the increase on the tax levied on the basis of landownership, the more land is sold (supplied) to avoid the tax, given that the cost of ownership (to the state) becomes artificially prohibitive. That's not controversial, that's a geoist plank!
That's just reduced price, not increased supply.
You're only confused because you don't know any basic economics. See "supply" above. It's not a complicated concept, Matt.
Well, it was complicated enough for you to miss the fact that increased supply requires an ABILITY to sell more, an ability that in the case of land does not exist.
If every landowner was levied at a rate that was impossible for anyone to pay, everyone would be forced to sell (100% supplied to the market) to avoid the tax.
?? "Forced to sell"?? To whom? You are just spewing nonsense.
Those who could not sell would still not be able to pay and would lose title anyway, which means that no matter what, 100% of the land would be "supplied" (even if by the repossessing state alone) to the market.
100% of the land is always supplied (available) to the market.
With LVT, the state is saying, in effect, "Landowners and land developers, you can profit from rents on any 'artificial land' you build above ground.
No, you are just makin' $#!+ up again, Steven. Landowners qua landowners do not build anything. You are trying to sneak in a premise that landowners are productive contributors of improvements. But you know that they are not. You have to use self-contradictory terms like, "artificial land" to prevent yourself and others from knowing the facts that prove your beliefs are false and evil.
The state profits from the ground itself, and everything below and found therein."
No. "Profit" is an excess of revenue over expenses, and the state spends its revenue. So that is another fabrication on your part.
That is the fundamental division - the partnership between landowners/developers and the state.
Another fabrication.
It is also why developers and speculators would be more inclined to own just enough of the best lands (lakeside, bay view, downtown commercial, etc.,) on which to build a vertical profit tower.
I.e., they would put the land they held to productive use, and would no longer have a motive to hold good land out of use. Right.
All the rent-seeking behavior is still there, as before.
No, that is just you makin' $#!+ up again. There is no longer a motive to accumulate land you aren't using.
The incentive is now in place to make sure that all resources that are taken out of the earth are simply lifted above the earth (where taxes are supposedly nonexistent) on as small a land footprint as possible. THAT is how "new land" comes into existence under LVT.
These are good examples of the absurdities the evil engage in to enable atrocities.
LVT is a mechanism for artificially concentrating urban populations (read=the majority of the world population), which are herded vertically and condensed into less horizontal space.
No, that's just you makin' $#!+ up again. LVT enables the NATURAL and EFFICIENT concentration of activity that makes infrastructure most cost-effective, and allows people to reduce the time they waste in transit between their various destinations.
The "community activity" that actually provides the income for landowners to pay land rents is the very basis for the Land Value Tax in the first place.
Which Steven wants landowners to be able to appropriate in return for doing nothing.
Now for the Neat Trick - the insidious consequence and side effect, regardless of anyone's intent:
I.e., now for Steven to make some stupid $#!+ up again:
Since a downtown skyscraper (or casino in the desert) with lots of "community activity" automatically raises the land rents/LVT on all empty adjacent parcels in its vicinity, all a developer needs to do in order to price the majority of the population completely out of neighboring land market (in terms of LVT cost of ownership ONLY) is concentrate on developing his own small parcel of land!
I.e., concentrate on being productive!
That automatically makes all the remaining parcels in the vicinity -- including empty lots -- cost prohibitive to all but the most well-healed developers.
I.e., the opportunities at that location have become so great that only a small number of highly productive people are qualified to make the best use of them. I'm still waiting for Steven to come up with a downside to this phenomenon.
Vertical profit towers with "captive concentrated communities"
So now taking advantage of superior opportunities makes one a "captive"??
Steven is just makin' $#!+ up again.
eventually become profitable to the point where Land Value Tax is not a concern at all.
How? It's the location that makes them so profitable, and that value will be recovered by LVT.
This in turn concentrates the power of landownership, with long-term speculation on smaller spaces in the very best areas.
Pure fabrication. There is no point in speculation, as any increase in land value is taxed away.
The nearby outlying parcels are always shielded from ownership by any average person due to the increased LVT on adjacent parcels - all based on proximity alone.
"Shielded from ownership" by any average person? What does that even mean? Average people can't make the most of the best opportunities? True enough. That's why we don't want to stop the market from allocating those opportunities to the most productive people.
The landowner can just take the rents from the population that is now herded and confined to vertical profit towers,
"Herded"? "Confined"?? These are just stupid and dishonest propaganda words with no relation to reality. The UIE enables people to live in the locations they prefer, for free.
and give the state its proportionate due -- just like Hong Kong.
It would be much better than HK, as already explained, because HK relies on long-term leases with fixed payments.
Only in the case of LVT, there are no leasehold titles; just conditional ownership titles, held in perpetuity by anyone who is willing to continue paying the taxes.
Correct.
Which are no longer a problem,
They were never a problem, any more than paying for a loaf of bread is a problem.
since all the livable/usable "artificial land" is now floating safely above ground, out of the reach of taxes, with all the "productive community members" paying rents mostly on capital improvements.
Bald self-contradiction. There is no way to make those "vertical profit towers" make any economic sense unless their locations are extremely advantageous. And LVT makes those who occupy advantageous locations pay full market value for them.