Editing Land value tax (section)

===Nobel laureates===
[[Paul Samuelson]] supported LVT. "Our ideal society finds it essential to put a rent on land as a way of maximizing the total consumption available to the society. ...Pure land rent is in the nature of a 'surplus' which can be taxed heavily without distorting production incentives or efficiency. A land value tax can be called 'the useful tax on measured land surplus'."

[[Milton Friedman]] stated: "There's a sense in which all taxes are antagonistic to free enterprise – and yet we need taxes. ...So the question is, which are the least bad taxes? In my opinion the least bad tax is the property tax on the unimproved value of land, the Henry George argument of many, many years ago."<ref name="TidemanEngland1994">{{cite book|author=Nicolaus Tideman|title=Land and taxation|url={{google books |plainurl=y |id=s0wgAQAAIAAJ}}|date=1 January 1994|publisher=Shepheard-Walwyn in association with Centre for Incentive Taxation (London, England)|isbn=978-0-85683-162-1}}</ref>

[[Paul Krugman]] agreed that LVT is efficient, however he disputed whether it should be considered a single tax, as he believed it would not be enough alone, excluding taxes on natural resource rents and other Georgist taxes, to fund a welfare state. "Believe it or not, urban economics models actually do suggest that Georgist taxation would be the right approach at least to finance city growth. But I would just say: I don't think you can raise nearly enough money to run a modern welfare state by taxing land [only]."<ref>{{Cite web|url = https://psmag.com/this-land-is-your-land-2a060d28bd4f|title = This Land Is Your Land|date = 20 October 2009|access-date = 20 August 2015|last = Moore|first = Michael Scott}}</ref>

[[Joseph Stiglitz]], articulating the Henry George theorem wrote that, "Not only was Henry George correct that a tax on land is nondistortionary, but in an equalitarian society ... tax on land raises just enough revenue to finance the (optimally chosen) level of government expenditure."<ref>{{cite book|last1=Stiglitz|first1=Joseph|editor1-last=Feldstein|editor1-first=Martin|editor2-last=Inman|editor2-first=Robert|title=The Economics of Public Services|date=1977|publisher=Macmillan Publishers|location=London|pages=274–333|chapter=The theory of local public goods}} Quote from page 282.</ref>