🤔 global lvt as a path to peace
- advocates of LVT tend to advocate for redistributing it as UBI (within a country)
- but, what if it were done on a global scale?
- the arguments for LVT apply globally
- (the "land" - including natural resources - was not created by people, and there is no reason why it should be monopolized by some more than others)
- in practice, it's been hard enough to convince local governments to tax land more, so little thought is given to a "utopian" global LVT fantasy
- nonetheless...
- global LVT+UBI could diminish one of the main incentives for war (that is, the exclusive extraction of value from the conquered land)
- under a global LVT+UBI, the "rent" value would already be shared with everyone
- Norway would share the extraction taxes from its petroleum industry with everyone
- New York would share the land value taxes from its expensive real state with everyone
- one could imagine such an approach as an alternate approach for the European Union
- (whose founding was largely motivated to maintain piece through market integration)
- ie. "why take over X, when you are already getting a 'fair' share of X?" (vs today: nothing)
- an aggressor annexing some land would gain exclusive access to its resources, but, as a result, they (/their citizens) would lose access to their UBI proceeds from the rest of the world
- there would still be incentive for areas with valuable land or resource rents to "defect" or to be conquered (if the LVT-per-capita was above average)