According to Homburg's (2014) comment on Kim and Lee (1997), an ad-valorem property tax on land cannot cause dynamic … or greater than land rents. With such a tax, Homburg claims, land would be intrinsically worthless and the market for … land would be closed. The latter claims are invalid because, as a store of value, land can be traded at a positive price …

evaluating taxes: equity and efficiency. The article first evaluates the current intellectual property tax scheme in terms of … the tax system. The article then assesses the efficiency of the intellectual property tax system, examining numerous tax …

According to Homburg's (2014) comment on Kim and Lee (1997), an ad-valorem property tax on land cannot cause dynamic … greater than land rents. With such a tax, Homburg claims, land would be intrinsically worthless and the market for land would … be closed. The latter claims are invalid because, as a store of value, land can be traded at a positive price even if the …