Open Letter

This is a letter I sent to the city council awhile back….of curse there was no reply…I did not expect one….this is a valid proposal and would do alot to raise the much needed funds of which the city is in desperate need……..

Open Letter To The City Council Of Gulfport, Mississippi

The city has been having its problems with the generation of much needed funds for programs that will benefit its citizens. There is a way to generate these funds and that course is called Land Value Tax. For years I have been advocating this form of taxation to no avail, but with the economic situation getting worse by the day, I believe this idea can save the city from massive cuts in services.

According to the Mississippi Economic Policy Center, any tax reform should conform to a 3 principle outline.  These are:  1—Be balanced and make work pay, 2—should create opportunity for economic growth and 3—be accountable to the taxpayer.  The Land Value Tax (LVT) addresses all three of the concerns put forth by the MEPC.

Land rent means taxing land. Not buildings, not work, not commerce, just bare land. Or if land has buildings (as most land has) then the equivalent value of the land if it had no buildings.

Land gets its value its improvements (buildings etc) and from its location. The improvements were made by the hard work of the owners. But the location has value because of what society does, because of roads and schools and good neighbors.

If society taxes buildings and improvements, it steals people’s hard work, their time and energy, their life. Most taxation is therefore theft. But if society taxes the location, then it simply claims back the value it creates. Land rent distinguishes between the individual’s property and society’s property.

Land rent creates fairness in the most basic of all issues: who controls the ground beneath our feet.

Land rent is the only rational tax, because it is based on a sound theory of property (you create it, you own it).

Land rent means an end to every other tax. So it becomes much cheaper to create additional jobs and manufacture goods. So wealth increases.

If you tax work, the amount of work goes down, because some work becomes less profitable. But if you tax land, the amount of land remains the same. So if you want to encourage work, you should tax land, not work.

Land rent is the only guarantee of fair property rights. If people can charge rent but they pay no rent themselves, eventually one person or one elite will own everything and nobody else can have any property unless it suits the elite. To see why, play the game Monopoly. Monopoly is based on “The Landlord’s Game,” invented by Lizzie Magie as a way to show why we need land rent.

Land rent is the most efficient way of creating wealth because it gives resources to those who can use them best (that is, those who can generate the most wealth from the land).

Land rent creates economic justice, by ensuring that everyone keeps the wealth they create, and any extra is given back to society. So nobody has unfair privileges, and everyone has an equal chance to succeed.

Land rent provides a fair system for all, because it generates wealth for society, yet it is so simple that corruption and inefficiency have nowhere to hide.

It is as simple as that….it would not take a massive bureaucracy to change the taxation of the city…

If further information is needed I may be contacted at:

CG Streuly

2605 Demaret Drive

Gulfport, MS 39507

Email: chuqalam@gmail.com

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