Chapter 144 Government Revenue
Zheng Xuan snuffed out the burned cigarette butt in his hand and screwed it into the ashtray. Maekawa looked at him gently and said, I told you not to smoke, for decades, your addiction to smoking has not been eliminated at all.
These two people openly sprinkled grain in front of everyone, but including Lin Mu, they were still immersed in the aftertaste of being impressed by the political grand remarks he had just made, and they would not have time to return to reality for a while.
Zheng Xuanyi is still unfinished:
"Let me talk about the 'land finance' of the United States. In fact, you probably don't know that 'land finance' is not exclusive to Thailand. For nearly 100 years from the founding of the United States to 1862, the U.S. federal government also relied on 'land finance'. Unlike the Old World, where land was privatized, the colonizers took large tracts of land from the indigenous people almost gratuitously for free. At that time, federal law stipulated that land within the territory of the newly expanded and newly acceded states of the founding 13 states was owned, managed, and disposed of by the federal government. Revenues from public lands and customs duties constitute the bulk of federal revenues. Revenues from land sales account for up to 48% of federal government revenues.
Regarding the scale of 'land finance' in the United States, some scholars believe that "in the early days, the proportion of land fiscal revenue in the United States was relatively high, reaching more than 60%, and then it showed a slow downward trend." In the 21st century, the proportion of land revenue in the United States to total fiscal revenue is less than 30%, and there is little change', after sorting out the federal government land auction revenue from July 1820 to September 1842, it is concluded that the government received a total of 953.51 million US dollars, accounting for 11% of the total federal revenue, of which the land auction revenue in 1835 exceeded the tariff revenue of that year.
Compare this with Thailand's 'land finance' to imagine the size of the 'land finance' in the United States back then: even at 10 percent, it was a huge asset considering the land that the federal government injected into the market in the form of grants. For example, the federal government requires NSW to use one-third of its public land for school construction and other small grants. School land donations to each town were initially 81 hectares and expanded to 162 hectares by 1850 when California joined the Union.
The federal government also has special land grant provisions for the establishment of state universities and agricultural colleges in the states. Federal grants for roads, canals, railways, dredging and upgrading of shipping waterways, and irrigation projects are the largest spending on land donations. Often, the entire original cost of a railroad construction can be covered by the sale of land, and some railways can recover almost all of their expenses through the sale of land. While Thailand's land revenue may seem high, nearly 30% of it is the cost of land acquisition and demolition.
From the founding of the United States until the Home Stead Act of 1862, which provided for the free transfer of land to new immigrants, it lasted for nearly 100 years. It was only after 1862 that the federal government's 'land finance' was gradually replaced by local government property taxes.
To this day, the federal government remains the absolute 'number one landlord' in the United States. The federal government owns 26.3 billion hectares of land, or about 30% of the country's total land area. The federal government owns 82 percent of Nevada, 68 percent of Alaska, 64 percent of Utah, 63 percent of Idaho, 61 percent of California, and nearly half of Wyoming and Oregon. Not only are these federal lands fully administered by the federal government, but they also enjoy tax exemptions due to their federal ownership.