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The Norwegian tax system is not socialist as much as it is _georgist_: Norway taxes natural resource use (mainly extracting oil from oil fields and using waterf

by vages 4y ago

The Norwegian tax system is not socialist as much as it is _georgist_: Norway taxes natural resource use (mainly extracting oil from oil fields and using waterfalls for power generation) _hard_. This tax policy makes the "more outflows than inflows" calculation a bit more complex than in most countries. The country is not immune to the effects of population decrease, but less so than others. The main threat to the Norwegian tax system today (in my opinion) is that new industries (fish farming, wind farming) are actively lobbying against georgist tax policies directed at their industries: https://slimemoldtimemold.com/2022/05/17/norway-the-once-and-future-georgist-kingdom/ https://slimemoldtimemold.com/2022/05/17/norway-the-once-and...

satvikpendem 4y ago
Georgism is pretty great, consistently incentivizing people to utilize their land. However, I wonder how much it would change with non-land-based productivity, ie people or AI making money through the internet.
- vages 4y ago
  Strict georgism emphasizes taxing limited resources, i.e. resources that can be hogged, preventing others from innovating. If what you're using can be made more plentiful, it's not worth taxing. For example, taxing your use of transmission capacity would go against georgism: It's possible to make better equipment that transfers bits faster. There are, however, resources that can be hogged on the Internet. For example, domain names: Short (non-trademarked) domain names, e.g. flowers.com, are more valuable than a random string of characters from a lesser known top-level domain, e.g. lrchcu.hat. As there is a limited number of single-word domain names, the owner of the former domain should pay a higher fee or tax for their domain than the owner of the latter.
- imtringued 4y ago
  Silvio Gesell applies the land value tax on money. This results in a so called demurrage currency.

by vages 4y ago

satvikpendem 4y ago

Georgism is pretty great, consistently incentivizing people to utilize their land. However, I wonder how much it would change with non-land-based productivity, ie people or AI making money through the internet.

vages 4y ago
Strict georgism emphasizes taxing limited resources, i.e. resources that can be hogged, preventing others from innovating. If what you're using can be made more plentiful, it's not worth taxing. For example, taxing your use of transmission capacity would go against georgism: It's possible to make better equipment that transfers bits faster. There are, however, resources that can be hogged on the Internet. For example, domain names: Short (non-trademarked) domain names, e.g. flowers.com, are more valuable than a random string of characters from a lesser known top-level domain, e.g. lrchcu.hat. As there is a limited number of single-word domain names, the owner of the former domain should pay a higher fee or tax for their domain than the owner of the latter.
imtringued 4y ago
Silvio Gesell applies the land value tax on money. This results in a so called demurrage currency.