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Grok: What is taxed most, land value or earned incomes (labour and capital)?

Bottom line in plain numbers (OECD-36 average 2024)

  • Total tax revenue ≈ 34 % of GDP
  • Taxes on labour ≈ 24 % of GDP
  • Taxes on capital income ≈ 9 % of GDP
  • Recurrent taxes on immovable property ≈ 1.1 % of GDP
    → → Labour and capital income are taxed roughly 30 times more heavily than the value of land and buildings combined, and several hundred times more heavily than pure land value.
Even in the very few jurisdictions that come closest to a real land-value tax (Taiwan, Estonia, parts of Australia, Denmark), the tax on land value is still a small fraction of the tax take from wages and profits.So, in practice, almost the entire planet runs its public finances by taxing earned incomes from work and productive investment — while the largest single component of private wealth (unearned land value) is taxed at token rates or not at all.That is the exact inversion of what Adam Smith, Ricardo, Mill, George, and many modern economists have argued is the least distortive and most equitable system.
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