2 ms·
"What the article points out is that if most of the wealth increase is coming from land, a different type of tax might be the best way to target the concentrati
by rsync 12y ago
"What the article points out is that if most of the wealth increase is coming from land, a different type of tax might be the best way to target the concentration of wealth—namely the Georgist land-value tax instead of broader global wealth and income taxes."
I hate to be Mr. Unintended Consequences, blah blah, but ...
Can we stop and imagine for a bit what the world would look like if land owners were forced to build and develop to match rising land values just to maintain their ownership ?
Right now we sometimes see long time property owners forced to sell - they cannot afford to live there anymore as property taxes rise, based on the value. Imagine if the buildings themselves (or the farms or the gardens or the parks) could not afford to be there ?