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> it is scarcity entailed by a (predominantly) private social arrangement where competing arrangements are permitted, but have thus far failed in the market It
by fc417fc802 1y ago
> it is scarcity entailed by a (predominantly) private social arrangement where competing arrangements are permitted, but have thus far failed in the market
It's a network effect. The same reason it's easy to build a facebook clone yet nearly impossible to get it off the ground.
- kiba 1y agoWhat I meant is the network effect enjoyed by Facebook and Amazon. That network effect is ripe for taxation and regulation.
- skissane 1y agoI don’t understand what taxing “network effects” has to do with Georgism though - Georgism argues land should be taxed specially because (1) there is fundamentally a finite quantity of it, (2) it is natural not human-made. Network effects don’t seem particularly similar on either front, and hence even if there is an argument for specially taxing them, that argument isn’t clearly Georgist - a Georgist could consistently reject it. Closer to land are things like mining rights, water rights, fishing rights, pollution rights - taxing them is an obvious extension of the Georgist idea of land taxation, and it would be difficult for a consistent Georgist to oppose them, at least in principle