Rental attitudes
Your editorial mentions rental values and herein is the key to such a public finance system: the universal collection of land rental values. This would be based on the unimproved value of the land and not the buildings or economic activity that exists on any given site. Essentially, a shift away from taxing what we do and make, as individuals or businesses, and instead going over to paying society rent for what we hold and take, for we should remember it is the demand from society that creates those rental values in the first place. In this way we can pay society its just due, while at the same time increasing individual and corporate wealth.
RON GREER
Blair Atholl