5 ms·
It's true that I'm talking about all different types of rents in the article. I've written about land rents and land taxes here, if you're interested: http://es
by esoltas 12y ago
It's true that I'm talking about all different types of rents in the article. I've written about land rents and land taxes here, if you're interested: http://esoltas.blogspot.com/2012/06/on-land-taxes.html http://esoltas.blogspot.com/2012/06/on-land-taxes.html. Also, as old as the Henry George analysis of land rents is, it is still quite relevant. If you look at some of the rebuttals to Piketty's capital (eg., this one: https://ideas.repec.org/p/spo/wpecon/infohdl2441-30nstiku669glbr66l6n7mc2oq.html https://ideas.repec.org/p/spo/wpecon/infohdl2441-30nstiku669...), what you see is that most the growth in capital/income ratios comes from increases in the value of land capital. That would suggest George is still relevant to our world, and that conversations about IP might be secondary.
- panglott 12y agoThanks, I've long wished there was a well-informed contemporary reappraisal of Henry George. There were a few municipalities in the U.S. that went to land value taxation in the late 19th century, but their economic history is not especially remarkable. Most, IIRC, have shifted to conventional property taxes, mostly because the original impetus for Georgist taxes are now obscure and out of fashion, and there is a perceived value to having tax structures common to other municipalities (easier to attract businesses and professionals if taxes aren't unusual).