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Henry george explained it in san francisco in the late 1800's: any productivity gains will be captured by the landlords as long as the people are taxed for thei
by conanbatt 9y ago
Henry george explained it in san francisco in the late 1800's: any productivity gains will be captured by the landlords as long as the people are taxed for their work and the land is not taxed for the productivity gains.
California is the most anti-georgist place ever: if you work in SF, you pay sales taxes that go to fund Bart that makes your own rent more expensive. State income tax has the same effect, the very own official economists of the state say it. And then you have property taxes benefits and mortgage benefits for landlords!