3 ms·
I think Georgism's main appeal is that if you interfere as best as possible in the mechanism by which land captures the value of labour and use that to reduce o
by TimPC 4y ago
I think Georgism's main appeal is that if you interfere as best as possible in the mechanism by which land captures the value of labour and use that to reduce other capture of the value of labour you remove the worst excesses of capitalism. You literally don't have to change the rest of the system.
Tenants pay the same rents they do now (perhaps slightly lower due to removal of speculation) but no longer have to pay any income tax. Property owners pay more in LVT but no longer pay income tax as well. No one gets to hold land value unearned and benefit from the work of others except the government who uses it to reduce other taxes and provide services we've come to depend on in modern society.
This is quite different from various radical re-imaginings of the entire economic system. Those systems are looking to solve almost entirely different problems and introduce far more new ones.