Annotated Bibliography 9

Ki-Whan, Choi, and David L. Sjoquist. “Economic And Spatial Effects Of Land Value Taxation In An Urban Area: An Urban Computable General Equilibrium Approach.” Land Economics 91.3 (2015): 536-555. Business Source Complete. Web. 25 Mar. 2016.

This article written by Choi and Sjoquist discuses the recent legislation passed by the city of Atlanta that has changed from a capital party tax to a land value tax and the effects it is happening on the urban landscape of Atlanta as well as the demographic and social view of the city. The article then continues by explaining the different models that were used in order to create an overlapping consensus that would then be used and implanted into the economic system, These new tax codes and laws are looking to tax based entirely on the value of the land in use and less on the amount of capital and income that is earned by the patrons and those leaving there. In doing so, this in fact going to lower the amount of revenue collected by small time business owners and places them more on longstanding corporations and companies. The theory is that by relaxing restrictions of small-businesses, these entrpreneurs will have more to invest in their business which will then develop into a profitable corporation to be taxed more. The reason I chose this  article is because it  explains economic actions taking by cities and the effects that they will have on the urban public.

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