what is your proposed method of collection for this "rent"
Ed Dodson here:
Nic Tideman, who chairs the economics department
at Virginia Polytechnic Institute has developed an approach that seems to me
to be both practical and appropriate. Location values arise because of local
community investments, are less a function of state investments, and lesser a
function of national government investments. Thus, a formula for revenue
sharing upward from local government can be developed that would appropriately
share the cost of government.
This revenue sharing can be offset by revenue
generated by leasing fees obtained from private interests that are awarded
leases to access the public domain for harvesting timber, mining of minerals,
grazing of cattle, etc. Such leases need to be awarded under a system of
competitive bidding that ensures government is obtaining the full market value
of such leasehold interests and not leaving revenue on the table (in effect, a
subsidy).
A similar auction leasing procedure would be
employed for awarding access of the broadcast frequencies for television
and radio.