He’s probably a Georgist, which is basically capitalism with the exclusion of unearned wealth from land ownership. Returns from labor = legitimate, returns from

He’s probably a Georgist, which is basically capitalism with the exclusion of unearned wealth from land ownership. Returns from labor = legitimate, returns from capital = legitimate, returns from just claiming a slice of nature as your own and charging others for access to it = illegitimate. I.e. In its most extreme form, keep 100% of what you create and none of what you don’t. Land owners do not create land, so should not get any upside from it. Whatever is built on the land is their creation, so whoever created it shouldn’t be taxed on any of its investment or returns. This applies even if the landlord and the developer are the same person. Note it’s not actually that new. Lots of places with extreme natural wealth (like Alaska’s oil) create systems like this. The only “innovation” here is recognizing that urban growth also generates obscene amounts of wealth “in the ground.”