It (land value taxation) guarantees that no one dispossess fellow citizens by obtaining a disproportionate share of what nature provides for humanity.
William VickreyIncreasingly prices are set by sellers to raise their prices without a loss of sales sufficient to wipe out the gain.
William VickreyThe insane pursuit of the holy grail of a balanced budget in the end is going to drive the economy into a depression.
William VickreyFirms would be given initial entitlements to gross markup on the basis of past performance, adjusted by changes in labor and capital inputs. This is somewhat similar to the definition of normal profits under some versions of the wartime excess -profits tax. Entitlements would be transferable and a competitive market established.
William Vickrey