A land dividend is justified because the 'poor' have been (and are) restricted from access to the land, and should be compensated... It is better that those who are excluded from land should be compensated, for they have been disadvantaged by the ownership of others, as we all are. It is a cost to us if we are excluded from land, by a landowner and the State. If we have exclusive use of the land, we owe a debt to others. If we have a modest quantity of land then we are due a similar dividend in return that we owe and so there is no debt to pay.
A land dividend has the advantage of compensating the unlanded for their loss in owning little, or no land. The land dividend is owed by those who control large quantities of land, measured by market value. It encourages the efficient use of land and promotes equality, as far as (the use of) resources are (is) concerned...
Friday, 22 January 2010
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