OK, so all land, including privately owned land, is considered "commonwealth", which belongs to everyone (but only collectively).
Lie. It belongs to no one, but everyone has equal rights to use it. You just permanently refuse to know that fact. You just won't permit that fact to enter your brain, no matter how clearly or how many times it is explained to you.
Other scarce resources, like ore, fossil fuels, water, and even bandwidth in the electromagnetic spectrum, would also be considered common wealth, and part of the definition of "land" subject to a Land Value Tax.
And a severance tax if they are depletable.
Under LVT, the state, or taxing jurisdiction, behaves as a for-profit, profit-maximizing land-owning corporation,
Wrong. It is more like a non-profit charitable trust that spends all its revenue on mandated endeavors. There is revenue, and spending, but no one pocketing any profits.
which is in the business of renting out titles to parcels of land within its jurisdiction.
It administers them as a trustee would, in the interests of the trust beneficiaries (i.e., all resident citizens).
Every individual citizen is considered an equal shareholder (of a single share which may not be bought or sold) of this incorporated entity.
No, individuals simply have equal human rights, which the trust is mandated to secure and reconcile. They are not part-owners of a corporation, have no right to its revenue, profits or assets, etc.
LVT rental fees (LVT levied) which are paid to the state are said
...by the honest and informed...
to recapture "community created value", or economic land rents, which are collected by the state on behalf of the everyone -- collectively only -- in the community.
No, the rents are recovered on behalf of every INDIVIDUAL whose rights the landowners have abrogated. It's no more "collective" than any trust.
The Universal Individual Exemption (if actually provided for), would be considered a Community Shareholder Privilege - a mechanism for providing "just compensation" that is owed to each individual who has been deprived of their natural liberty rights to use land which they are excluded from using in common. The Universal Individual Exemption acts as an LVT Credit, which each individual can apply toward any land, but which is sufficient in itself for "enough good land to live on". Also, like any corporation, dividends might also be paid out directly to community shareholders from the land rent profits.
More or less. Congratulations on not lying for a whole paragraph.
Sounds like a Collectivist Land Rental Commune to me.
No, of course it doesn't, so you are lying again, as usual. You just got through explaining how it is like a corporation, not a commune. You are merely using the word, "commune" dishonestly, as a way to fabricate a spurious, false connotation that LVT resembles communism. Most readers understand a "commune" to be a group of people who live together, hold land
and capital in common ownership, and share
the fruits of their labor in common, like the Israeli kibbutzim. But as you are fully aware of the fact that LVT implies no such arrangement, you are just being dishonest again. As usual.
A socialistic monopolistic racket.
You just got through saying it was like a corporation. Are you saying that corporations are socialistic monopolistic rackets? That will be news to Austrian School capitalists.
