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2022-11-29-georgism-lightning-talk
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georgism lightning talk
a taste of ideas, inspire to dig in more
island
Alice and Bob capsize on the sea, swim towards an island
Bob gets there first: this is my land, what will you give me to stay here?
river
a river that people use to travel
a man puts a chain across, charges to get past
profits off of taking something that's there and limiting access
"rent"
parking lot
what is a better investment? a parking lot or a second home
refrigerator
do you celebrate when refrigerator prices go up?
no, but why do you celebrate when house prices go up?
home
buy a home, live in 30 years, don't maintain it much, still sell for a great profit (b/c of land value)
why do you profit? what did
you
do to increase it's value?
all
your
land value increase is due to activity of the community, government investment, etc.
do we want to structure our society this way?
city
despite all the immense progress... and great wealth creation... why is there still poverty? (note: 1879)
treats land as a seperate category (capital, labour)
"land" defined as anything with fixed supply
theory: all progress / value-creation in a region gets absorbed by land prices
what was meant as a caution, was used a playbook by capitalists
suggests land should be taxed highly
ex. 100% capital gains tax on land
next?
inspire you to learn more
https://astralcodexten.substack.com/p/your-book-review-progress-and-poverty
support things like:
higher property taxes, lower other taxes
split tax rates (property & land) -> eventually, shift off property onto land
100% cap gains on land (not 0%)
share:
ideas that sound to middle-class homeowners like they will hurt them, but will actually benefit them and society
2022-11-29
#georgism
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