Shifting the burden of tax from Labour to land would actually hold down the price of housing and commercial space, because rental value that is taxed would not be recycled into new mortgages.
把税收负担从劳动力转向土地,实际上将会降低住宅和商业空间价格,因为;征税之后的租税,不会再次循环进入新的按揭贷款。
The equivalent value of the land determines the price of the land material. The Labour value of the land determines the price of the land capital.
土地等效价值决定土地物质价格,土地劳动价值决定土地资本价格。
"He compares an acre of land planted with tobacco or sugar and an acre of land" without any husbandry upon it, "and argues that the" improvement of Labour makes the far greater part of the value.
他比较了一英亩种植烟草或是糖的土地与一英亩毫无农作的土地,并认为是劳动的进步大幅增加了土地的价值。
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