My Nonprofit Reviews
Review for CENTER FOR STUDY OF ECONOMICS, Philadelphia, PA, USA
The Center for the Study of Economics supports the concept of land value taxation, the only effective tax system that can restore healthy community economies. Many towns are plagued with abandoned and run-down buildings that pay little to no taxes. This decreases the overall value of the area. If these properties were taxed according to the land value, owners would either make improvements or sell the properties to someone who will utilize them to their full potential. It is the land that is taxed according to its value rather than taxing owners for the hard work and cost of making improvements to their properties.