3 ms·

"Land" for George is just things you can rent-seek on and are fixed in supply, that includes stuff like intellectual property, etc. > real estate/rents/leasin

by MiroF 6y ago

"Land" for George is just things you can rent-seek on and are fixed in supply, that includes stuff like intellectual property, etc. > real estate/rents/leasing is perhaps 15% but most of that is related to the value of buildings, not the value of land. Not at all clear that most of that is related to the value of the building and also you conveniently neglect to mention that that is the largest share of GDP out of any industry in the world. Further, land includes a lot more stuff that is not counted in the economic measures you are using. [0] [0]: https://www.emerald.com/insight/content/doi/10.1108/03068290910947930/full/html https://www.emerald.com/insight/content/doi/10.1108/03068290...

CydeWeys 6y ago
How do you determine the value of intellectual property if not by looking at how much income is actually being derived from said IP? And at that point, don't you just have the same income-based corporate taxation that we already have, with extra steps?
- MiroF 6y ago
  > How do you determine the value of intellectual property if not by looking at how much income is actually being derived from said IP? I agree that determining the value of IP is difficult. Georgists would probably advocate that there is no reason for IP to be in private hands in the first place, nor any need for a system of IP. Alternatively, you could give temporary ownership of the IP to the creator (like we already do, except without the absurd lengths of time), then when that expires, put it up for auction to determine the pricing, then tax based on that.
- jrs235 6y ago
  You hold an annual auction for the exclusive rights to the property that the tax will be derived from. The current owner can choose to keep the rights and pay the tax or they can choose to sell the exclusive rights to the highest bidder who must pay and then becomes the holder of the exclusive use rights and the new owner would then also pay the tax based on the known value. This might also usher out IP trolls and IP squatters.
  - sudosysgen 6y ago
    This will not help determine the true price of IP, as such a system will be endlessly exploited by bad faith actors.
    - MiroF 6y ago
      > exploited by bad faith actors What? How?

by MiroF 6y ago

CydeWeys 6y ago

How do you determine the value of intellectual property if not by looking at how much income is actually being derived from said IP? And at that point, don't you just have the same income-based corporate taxation that we already have, with extra steps?

MiroF 6y ago
> How do you determine the value of intellectual property if not by looking at how much income is actually being derived from said IP? I agree that determining the value of IP is difficult. Georgists would probably advocate that there is no reason for IP to be in private hands in the first place, nor any need for a system of IP. Alternatively, you could give temporary ownership of the IP to the creator (like we already do, except without the absurd lengths of time), then when that expires, put it up for auction to determine the pricing, then tax based on that.
jrs235 6y ago
You hold an annual auction for the exclusive rights to the property that the tax will be derived from. The current owner can choose to keep the rights and pay the tax or they can choose to sell the exclusive rights to the highest bidder who must pay and then becomes the holder of the exclusive use rights and the new owner would then also pay the tax based on the known value. This might also usher out IP trolls and IP squatters.
- sudosysgen 6y ago
  This will not help determine the true price of IP, as such a system will be endlessly exploited by bad faith actors.
  - MiroF 6y ago
    > exploited by bad faith actors What? How?