some fun comments: https://www.reddit.com/r/economy/comments/13a2kxv/land_ownership_makes_no_sense_the_earth_is_a/
If there's one thing I can get behind with Neoliberalism, it's their infatuation for Georgist rhetoric. Land should not be an appreciating asset on its own, put it to work you greedy capitalist pig or lose your worth
This, California has become a laughingstock because its land is too valuable for the states own good.
California succeeded itself to death, and you could say that capitalism punished California for being so successful.
Also California has very low property taxes for longtime property owners. Which creates a cursed situation where every homeowner and their mother is hell bent on prices going up forever, unlike other states where they would actually pay more in tax if their home quintupled in value.
Weird how California is supposedly a model for what not to do and all it's problems are blamed on its insufficient racism, but it's tax on labor is high but it pretty much decided for a whole generation to be practically tax exempt just because.
Again, California could have been a fun state, but its practically Democrat Florida: the retirees live like royalty and off the hard work of the younger generation, who they relentlessly mock.
Today, Georgism as a political movement has stagnated like a vacant lot. But one day, we believe, people will see Georgist taxation as not only economically efficient but morally righteous.
Henry George: "These fat cats are a real problem. Someone should really put a bell on them."
One Century Later, on Wired: "Henry George was a genius and we are confident that one day someone is going to get around to that whole Belling The Cat idea."
It's funny that literally every political philosophy independently comes to the conclusion that land speculation and landlording is bad. :mao-aggro-shining:
Its bad when it impedes your ability to improve the land along your own designs. Its good when it impedes your rivals. :shrug-outta-hecks:
The fun thing about Georgism is that you can insert whatever obscure loopholes you want to ensure that existing structures of power, ownership and value extraction are preserved. Truely a beautiful system. :thinkin-lenin:
I mean, the "100% land tax" idea is only Communist under a Communist government. If you want to be particularly glib, you can assert that the Saudis and Jordanians are Georgists.
That's functionally what a 100% tax does. But take it from whom? On behalf of whom? For what purpose?
Play it fast and loose, and you can claim Andrew Jackson was a Georgist
take it from the landowners obviously who else would you take it from and make it common land again
I've wondered why Georgism is persistently popular among libs, and I think the reason is that it has the rhetorical simplicity of something like the non-aggression principle, and is also about creating change in society through tax policy nudges.
Basically what he’s proposing is a slightly modified version of feudalism. Which is actually more akin to communism than most people realize. Communism was in effect a centralized all encompassing form of feudalism.
:very-intelligent:
Communism was in effect a centralized all encompassing form of feudalism.
It's like those commenters aren't satisfied just being misinformed in a minor way, but go out of their way to be aggressively wrong.
