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> The Georgist proposal is rather to tax the economic rent on land How do you determine that? Also, here’s the wiki description, which matches what I said very
by centimeter 6y ago
> The Georgist proposal is rather to tax the economic rent on land
How do you determine that? Also, here’s the wiki description, which matches what I said very closely:
“ economic value derived from land (often including natural resources and natural opportunities) should belong equally to all members of society.[3][4][5]”
This is not the same as LVT. LVT doesn’t try to determine the source or type of value, and Georgism does.
- bhupy 6y agoEvery single LVT proposal includes an extremely important stipulation: deducting improvements from the total value, and only taxing the resulting amount. The core thesis is that you don't want to dis-incentivize productive economic activity, and simply holding onto land is unproductive. LVT (and Georgism writ large) propose to tax the unimproved value of land. This is a form of discriminating the source/type of value.