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No taxes could mean full employment and increased standard of living for everyone.
What is the market value of government recognition of titles, permits, patents, and licenses?
Quite a bit: I've seen studies that put the sum total of license in the US at $4 Trillion, about what all levels of government spend now.
If those taxes (burdens) were removed, the value of those licenses would increase - the expected profit would increase.
In other words, there are good taxes and bad taxes, mostly bad taxes: Historically, governments have taxed windows, rooms, chimneys, road frontage (Charleston side houses), fruit trees, and other things. In each of these cases, the quantity of the item taxed has decreased. Tax wages, and you get smaller wages. Tax capital, and you get less capital.
For land titles, the present value is generally considered to be the present value of expected future earnings. Balance those future earnings against future taxes, and you reduce sales prices to zero - collecting for the public the value created by community and public infrastructure.
Currently taxes favor returns to land (taxed at roughly nothing) to returns to capital (taxed at roughly 15%) to returns to labor (taxed at roughly 30%). Remove those taxes and they compete on an even field. If the elasticity of demand for labor is 1/4 the change in price, eliminating taxes agains wages (payroll tax, income taxes below $100k) should result in full employment.
However, if all those taxes were removed, land prices would skyrocket, and most of the benefit of reduced taxation would accrue to those who can charge rent or sell their land.
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