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A high unimproved land value tax, like 80%+, solves the problem because it prevents land cost increases due to speculation. The profit from owning land becomes
by rthomas6 4y ago
A high unimproved land value tax, like 80%+, solves the problem because it prevents land cost increases due to speculation.
The profit from owning land becomes whatever use you put the land to, instead of profiting just from owning it.
I could talk about Georgism for paragraphs, but this does a better job: https://astralcodexten.substack.com/p/your-book-review-progress-and-poverty https://astralcodexten.substack.com/p/your-book-review-progr...