The Democratic Freedom Caucus Platform includes the following section:
2) Economic Liberty
Just as an individual should have the right to control his or her own body, each individual should also have the right to control the fruits of his or her labor. People should have the freedom to engage in voluntary economic exchanges, and to form voluntary economic organizations, whether for non-profit or profit purposes, as long as they respect the equal rights of others.
a) Property Rights Based on Justice. There are two forms of property:
1) human-made products, such as cars, houses, and machinery; and
2) land, which refers to spatial locations, along with the natural resources within those locations - therefore, land was not produced by any person.
Out of justice and practicality, it is proper to allow an individual to keep the rewards from his or her labor. So, there should be the least taxes possible on labor, because taxes on labor take the fruits of labor. Such taxes are not only unjust, but also lower the incentive to be productive. Taxes on income, sales, or buildings all take away the rewards of labor and productivity, so they are the most harmful kinds of taxes. The least harmful tax is a tax on land location value or on extraction of natural resources, because those are not products of labor, but are fixed resources.
Land is fundamentally different from products made by human effort, because no person can produce land, meaning locations and natural resources. So, property in land needs to be treated somewhat differently from other types of property, in order to prevent over-concentrated ownership of land and natural resources.
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