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Open letter to Mikhail Gorbachev

1990

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The value of land arises from three sources: the fact that land is both productive and limited, the growth of communities, and the provision of public services. Already in 1990, a group of economists, including multiple Nobel Laureates, wrote that while the technical issues obstructing land value taxation need to be addressed, “none of them present any insoluble problems”. A group of Nobel Laureate economists wrote that the social collection of land rent serves three main purposes. A group of Nobel Laureate economists co-signed an open letter sent to Gorbachev in 1990 advocating a land value tax, urging Russia not to follow the Western economies in the "danger" of allowing most of the rent of land to be collected privately. Co-signers included Robert Solow, James Tobin, William Vickrey, and William Baumol.
Land Value Tax
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