LVC: A BRILLIANT IDEA

Systemic Fiscal Reform suggests an excellent alternative to land value taxation. It’s very neatly designed to minimise payments to a bank for your home, whilst permitting you to opt out of the current tax system.

It’s based upon accepting a locational value covenant (LVC) on your title instead of the usual mortgage to a bank.

Here’s the comparison between a locational value covenant and a mortgage.

The idea might give pause to Georgists as offering a genuinely viable alternative –¬†given the necessary¬†political acceptance.