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One of the other consequences of an LVT is that it creates incentives to "right-size" the government, since the people who benefit from public goods are the one
by nostrademons 6y ago
One of the other consequences of an LVT is that it creates incentives to "right-size" the government, since the people who benefit from public goods are the ones funding them. It's very likely that the government is wrong-sized right now. We should expect a pretty dramatic change in the structure and size of government with the adoption of Georgism (or more likely, we shouldn't expect to adopt Georgism within the existing political system but it could be an option for a new nation).
- LVTfan 6y agoand likely we won't need the huge safety net that is absolutely necessary now. And tax revenues reach the government without middlemen collecting their share, so the cost will be lower to those who pay.