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A Georgist Land Value Tax would be a much better solution.
by coderzach 7y ago
A Georgist Land Value Tax would be a much better solution.
- mac01021 7y agoI've never seen a concrete or comprehensive description of the Georgist scheme. Say I own 5 acres of undeveloped forest, valued by the market at $100k. Can I immediately know what my tax bill will be, given the tax rate in my district? What happens to my tax bill if I cut down the forest and build a factory? Or a grocery store? Does my tax bill remain unchanged? What if I do nothing with my woods, but the guy owning the adjacent lot opens a supermarket? I'll pay more then, right? How is it calculated? Is there a Georgist story about incentives to preserve natural ecosystems?