Historically, land taxes are commutations of physical rents into money-rents, and taxes are not something taken from private property by the sovereig… - John R. Commons

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Historically, land taxes are commutations of physical rents into money-rents, and taxes are not something taken from private property by the sovereign, but property is sovereignty taken collectively from the King by his tenants.

English
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About John R. Commons

John Rogers Commons (October 13, 1862 – May 11, 1945) was an American institutional economist, progressive and labor historian at the University of Wisconsin–Madison.

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Native Name: John Rogers Commons
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It would not be incorrect to say that all capital is invisible value, in that it is the present value, not of physical things, but of the hopes of the future aroused through confidence in the now invisible but expected transactions of the future.

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