It’s a radical idea but with there being 1.4 billion acres of private property in the United States, at an average of $10,000 per acre for a Land Value Tax would raise 14 Trillion. Divided between the States and Federal Government, that would cover the 6.75 Trillion Dollar budget including the over 700 Billion Dollar deficit. With one single Tax that for many people would be a massive tax cut. We would balance the budget and could begin paying down the debt.

How is that a terrible idea?