Post-Corona Balanced-Budget Super-Stimulus: The Case for Shifting Taxes onto Land

A case for responding to the economic effects of the Covid-19 crises by shifting federal tax burdens onto land value taxes. The authors develop an econometric model of the US economy, and show that raising tax rates on land, balanced by decreasing tax rates on capital and labor, can maintain current levels of expenditure and debt, while raising welfare and output.

2021

Academic Paper

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