The German colony of Kiaochow, China, established in 1898, had a single
tax on land value set at 6 percent.35 Its principal city, Tsing-tao, developed
into a fine modern city. The Germans lost the colony in 1914 at the outbreak
of World War I, but their experience influenced the Chinese revolutionary
Sun Yat-sen, who became head of the government of China. He and his successors
in the Nationalist Party were not able to implement land value taxation
in that country, but when they moved to Taiwan in 1950 after the communists
took the mainland, Chiang-kai shek implemented a land-to-the-tiller reform
accompanied by a tax on land value. Taiwan has since developed into a major
industrial power. Hong Kong and Singapore became major commercial centers
in large part because much of their public finance is based on taxing land
values, or in the case of Hong Kong, from selling land leases, with low
taxes on trade and commerce.
Of course there are many reasons for the success of economies
such as Hong Kong’s, but the evidence is that more economic freedom
is widely associated with greater growth and per-capita income, in accord
with the
economic theory that the deadweight loss caused by restricting
and taxing production leads to lower production. ... read
the whole document
Using geonomics, people have
turned some of the poorest lands into
the richest economies. Hong Kong is a barren rock owned by the
public. The city collects enough site-rent to keep taxes on effort
way down. Thus prices are low and investment and income high,
moving
FORTUNE magazine to name Hong Kong the world's best city for
business. Read the whole article
see also: http://www.findarticles.com/p/articles/mi_m0254/is_5_59/ai_70738932
|
To
share this page with a friend: right click, choose "send," and
add your comments.
|
|
Red
links have not been visited; .
Green
links are pages you've seen |
Essential Documents
pertinent to this theme:
|
|