Why does this author insist on calling all of these people who think LVT is a good idea Georgists? It’s kind of an annoying angle for the article.
The 'Georgists' Are Out and they want to tax your land
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Re: The 'Georgists' Are Out and they want to tax your land
#12"George-pilled"? UK-focused articles rebutting common arguments against a land value tax, written by an LVT advocate: http://kaalvtn.blogspot.com/p/index.html
That's a good blog.
Sadly, Mark Wadsworth (the author) appears to have died within the last year.
Edit: Link: http://www.yppuk.org/2023/03/mark-wadsworth-obituary.html
Re: The 'Georgists' Are Out and they want to tax your land
#13Dumb question about land value tax- does it unfairly penalize people who own large tracts of land like farmers and loggers?
If you own a farm in a city or area with high housing demand, yes, I think it would. (edit: and I'm not meaning this to be a sarcastic response -- there are urban farms).
Re: The 'Georgists' Are Out and they want to tax your land
#14I grew up in Fairhope, Alabama which was established as a single tax colony inspired by the theories of Henry George. One of the most interesting things to me is that on the bay, you can have two houses next to each other, both for sale and both equivalent in terms of house quality. One house happens to be on colony land and the other is not, so when you buy one house you own the land, but the other you get the 99 year lease. What I find interesting is that there is little to no difference in price between the two. The market prices the 99 year lease the same as owning the land. Just an interesting tidbit about this in practice that I have always found counter-intuitive.
Re: The 'Georgists' Are Out and they want to tax your land
#15"George-pilled"? UK-focused articles rebutting common arguments against a land value tax, written by an LVT advocate: http://kaalvtn.blogspot.com/p/index.html
https://en.wiktionary.org/wiki/-pilled
Good point, yes - if I'm surprised to see this turn of phrase in the NYT, and yet I implicitly assume everybody knows what it means, then maybe I shouldn't have been surprised in the first place.
Re: The 'Georgists' Are Out and they want to tax your land
#16Dumb question about land value tax- does it unfairly penalize people who own large tracts of land like farmers and loggers?
It would "penalize" those people if they owned farmland in areas where there is high demand for housing (and the land itself is valuable). The whole point is to tax all land at the value people would pay just for the land - and as a result would shift activities like farming and logging into less populated areas.
It's a fair concern, but also because property tax already includes some land tax it's not dramatically different. Those activities are already mostly done in areas where land is extremely cheap.
Re: The 'Georgists' Are Out and they want to tax your land
#17I'm a huge proponent of land tax. Here's why I think it's worth considering: 1. Economic Efficiency: Unlike income or consumption taxes, an LVT is non-distortionary. It doesn't discourage productive activities like work, saving, or investment. Land is a fixed resource; its supply doesn't change with price or tax fluctuations. Therefore, an LVT wouldn't distort market incentives, unlike other taxes. By shifting the ta…
At least here in California, I'd be worried that it could get instituted with token or no reduction in other taxes. Otherwise it seems to make a lot of sense, particularly with regard to removing disincentives for development.
Re: The 'Georgists' Are Out and they want to tax your land
#18Dumb question about land value tax- does it unfairly penalize people who own large tracts of land like farmers and loggers?
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Re: The 'Georgists' Are Out and they want to tax your land
#19I'm a huge proponent of land tax. Here's why I think it's worth considering: 1. Economic Efficiency: Unlike income or consumption taxes, an LVT is non-distortionary. It doesn't discourage productive activities like work, saving, or investment. Land is a fixed resource; its supply doesn't change with price or tax fluctuations. Therefore, an LVT wouldn't distort market incentives, unlike other taxes. By shifting the ta…
> Sustainable Land Use
Hmmm, I don't get this point. If the incentive is to sell of develop your land what happens to "fallow" land that serves as a habitat for plants or animals? Seems like this would encourage developing land even if it's in a suboptimal location and would otherwise remain fallow, which seems less sustainable than the status quo.
Re: The 'Georgists' Are Out and they want to tax your land
#20Earlier quoted context omitted.
https://en.wiktionary.org/wiki/-pilled
Good point, yes - if I'm surprised to see this turn of phrase in the NYT, and yet I implicitly assume everybody knows what it means, then maybe I shouldn't have been surprised in the first place.
Yeah definitely weird seeing racist slang from 4chan seep into mainstream journalism.
inb4 its from the Matrix; only red/blue pill is. The [term]pilled is from /pol/.