Lars Doucet examines whether landlords can pass Land Value Tax on to tenants, concluding that empirical evidence supports they cannot.
Longer summary
This article, written by Lars Doucet, is the second part of a series examining the empirical basis for Georgism. It focuses on the question of whether landlords can pass Land Value Tax (LVT) on to tenants. The article presents both theoretical arguments and empirical evidence, primarily from a 2017 Danish study, to support the claim that LVT cannot be passed on to tenants. It also reviews and critiques opposing viewpoints, ultimately concluding that the evidence strongly supports the full capitalization of LVT into land prices, meaning landlords bear the cost of the tax.
Shorter summary