Economics 101 concept: negative externalities are the cost to society or a third party of a party’s actions. It’s borne by everyone, not just who caused it.
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There are many taxes already proposed or implemented along these lines: carbon tax, tobacco tax, etc.
I also think land value tax fits a similar mold. If you take the perspective that the world is the common heritage of mankind, then private use of land detracts value from society’s “portfolio.”
Fun sidebar: I wonder if an economy where individuals aren’t ever directly taxed is possible? Make the old saying about death and taxes at least partially obsolete.
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I also think land value tax fits a similar mold. If you take the perspective that the world is the common heritage of mankind, then private use of land detracts value from society’s “portfolio.”
It makes the morally right choice and the business right choice the same choice.