Georgism, or the tax on the unimproved value of the land, is the fairest tax I (and many others) can imagine. It directly counters one of the ugliest part of any economy/society - rent seeking.
Suppose you see an area in upward economic trajectory, you buy a bunch of land/properties, then do fuck-all for the next 30 years while the hard work of everyone around that land causes your land's value to increase. You contribute nothing, while benefitting from others' contributions. All this while someone who could have used that land/property for a more productive used is deprived of it. Georgism directly counters that by taxing any 'base land value' that you own.
Georgism and the 'taxing progressively higher any property a person directly/indirectly owns after first N properties' are seriously very much needed around the world, economic rent-seeking steals from future generations.
The headlines would be more along the lines of ”Grandma Jones is losing her family farm, because she refuses to turn it into condos and now the land is taxed as if there was development on it”
Georgism ignores how many voters are vehemently anti-development. Just visit any hearing where housing is discussed, people really hate the idea of getting more homes built.
GodelNumbering · · focus · HN ↗
Suppose you see an area in upward economic trajectory, you buy a bunch of land/properties, then do fuck-all for the next 30 years while the hard work of everyone around that land causes your land's value to increase. You contribute nothing, while benefitting from others' contributions. All this while someone who could have used that land/property for a more productive used is deprived of it. Georgism directly counters that by taxing any 'base land value' that you own.
Georgism and the 'taxing progressively higher any property a person directly/indirectly owns after first N properties' are seriously very much needed around the world, economic rent-seeking steals from future generations.
nikanj · · focus · HN ↗
Georgism ignores how many voters are vehemently anti-development. Just visit any hearing where housing is discussed, people really hate the idea of getting more homes built.
hardbass · · focus · HN ↗