is much smaller than for income tax and other production-related taxes. 3. With LVT, the national economy stabilizes and no longer experiences the 18 year housing boom and bust cycle. 6 aspects affecting LAND OWNERS 4. LVT is progressive, the owners of the most potentially productive sites pay the most tax. 5. The land owner pays his LVT regardless of how the land is used. When the land is leased to tenants most or all of the resulting ground-rent is the tax. 6. LVT stops the speculation in land prices because any withholding of land from proper use is too costly. 7. The introduction of LVT reduces the sales price of sites even though their value (or potential usefullness) may continue to grow. 8. With LVT, land owners are unable to pass the tax on to their tenant renters, due to the competition for land use. 9. With the introduction of LVT, land prices will drop. Speculators in land values will tend to foreclose on their mortgages and to withdraw their money for reinvestment. LVT should be introduced gradually. It allows investors sufficient time to transfer money to company-shares where their greater use will meet the increased demand for produce (see below) . 3 aspects regarding our COMMUNITY 10. With LVT, there is an incentive to use land for production, rather than it laying idle or being partly used. 11. With LVT, greater working opportunities exist due to cheaper land and a greater number of available sites. Consumer goods become