Land Taxes vs Income Taxes

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Land taxes encourage players to use land efficiently.

Income taxes encourage players to minimize ratio between taxable income to Haig-Simons income.

Basically, the rich among us are those whose assets valuation increase tax free.

Jeff Bezos earn $40billion and he pays no tax over that. Why? While his Haig Simons income is high, his taxable income is zero.

Real estate landlords, start up founders, and most rich people I know make money that way.

Most people just think to get rich you need to work hard and get high salary. Huge amount of effort is actually spent on reducing tax.

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