@icedquinn @xianc78 Apparently it's not based on labor theory:
"Isn't the LVT based on Karl Marx's labor theory of value?No. Karl Marx’s labor theory of value asserts that the value of an object is a result of the labor expended to produce it. Henry George flat-out rejected this view:
"It is never the amount of labor that has been exerted in bringing a thing into being that determines its value, but always the amount of labor that will be rendered in exchange for it." -- The Science of Political Economy, p. 253
Why, then, do some mistakenly identify Marx's labor theory of value as being one of the core premises of the LVT? Because many LVT-advocates often describe land value as being produced by the community, and, in so doing, unwittingly sacrifice clarity for brevity. What they actually mean is this. It's not that members of the surrounding community produce land value itself, but that they produce the goods and services which give rise to that value.Max Hirsch put it this way:
"The value of labour-products is the measure of the service which their rightful owner has rendered to the community. The value of land is the measure of the service which the community is expected to render to the owners of land." -- Democracy vs. Socialism, p. 348"
https://web.archive.org/web/20210301215944/https://www.justopia.org/a-revised-geoist-faq.html^ FAQ I found helpful
re: Getting Land-Pilled RN
> labor theory of value posting