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speculation in housing, real estate as an investment vehicle, unused land, inefficient tax policy and poverty could all be solved by Henry Georges single tax on the value of land
Why haven't you taken the Georgepill yet /pol/?
>Georgeism reconciles common land rights with private tenure, free markets and modern capitalism.
>Those who got the upper hand by securing land tenures would support public services, so wages and commerce and capital formation could go untaxed.
> To pay the taxes, landowners would have to use the land by hiring workers (or selling to owner-operators and owner-residents). This would raise demand for labor; labor, through consumption, would raise demand for final products.
>To pay the workers, landowners would have to produce and sell goods, hereby raising supply and precluding inflation. Needed capital would
come to their aid by virtue of its being untaxed. Thus, George would cut the Gordian knot of modern dilemma-bound economics by raising demand, raising supply, raising incentives, improving equity, freeing up the market, supporting government, fostering capital formation, and paying public debts, all in one simple stroke.
>George's proposal enables us to lower taxes on labor without raising taxes on capital. Indeed, it lets us lower taxes on both labor and capital at once, and without reducing public revenues.
> Georgist tax policy reconciles equity and efficiency. Taxing land is progressive because the ownership of land is so highly concentrated among the most wealthy,'8 and because the tax may not be shifted. It is efficient because it is neutral among rival land-use options: the tax is fixed, regardless of land use. This is one favourable point on which many modern economists actually agree, although they keep struggling against it
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>>130441796
>George showed that a tax can be progressive and pro-incentive at the same time. Think of it! An army o fneo-classicalists preach dourly that we must sacrifice equity and social justice on the altar of "efficiency". They need that thought to stifle the demand for social justice that runs like a thread through The Bible, The Koran and other great religious works.
>The only shifting of a land tax is negative. By negative shifting I mean that the supply-side effects of taxing the rent of land will raise supplies of goods and services, and raise the demand for labor, thus raising the bargaining power of median people in the marketplace, both as consumers and workers. This effect makes the tax doubly progressive: it undercuts the holdout power and bargaining power of landowners vis-a-vis workers, and also vis-a-vis new investors in real capital. This effect also makes the landrent tax doubly efficient.
>A state, provincial or local government can finance generous public services without driving away business or population. The formulais simple: tax the rent of land, which cannot migrate, instead of the incomes of capital and people, which can. By eliminating the destructive "Wedge Effect", the land tax lets us support schools and parks and libraries and water purification and police and fire protection, etc., as generously as you please, without suppressing or distorting useful work, and without taxing investors in real capital.
> Georgist tax policy contains urban sprawl, and its heavy associated costs, without overriding market decisions or consumer preferences, simply by making the market work better. land values are the product of demand for location; they are marked by continuity in space. That shows quite simply that people demand compact settlement and centrality. A well-oiled land market will give it to them.
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>>130441890
> Georgist tax policy creates jobs without inflation, and without deficits. "Fiscal stimulus," in the shallow modern usage, is a euphemism for running deficits, often with funny money. George's proposed land tax might be called, rather, "true fiscal stimulus". It stimulates demand for labor by promoting employment; it precludes inflation as the labor produces goods to match the new demand. It precludes deficits because it raises revenue. That is its peculiar reconciliatory genius: it stimulates private work and investment in the very process of raising revenue. It is the only tax of any serious revenue potential that does not bear down on and suppress production and exchange. As I have noted, George's fiscal policy takes two problems and composes them into one solution.
> George's land tax lets a polity attract people and capital en masse, without diluting its resource base. This is by virtue of synergy, the ultimate rationale for Chamber-of-Commerce boosterism. Urban economists like William Alonso have illustrated the power of such synergy by showing that bigger cities have more land value per head than smaller ones. (Land value is the resource base of a city.) Urbanists like Jane Jacobs and Holly Whyte have written on the intimate details of how this works on the streets. Julian Simon (The Ultimate Resource) philosophizes on the power of creative thought generated when people associate freely and closely in large numbers. Henry George made the same points in 1879
>Georgist policies encourage the conservation of ecology and environment while also making jobs, by abating sprawl. It is a matter of focusing human activity on the good lands, thus meeting demands there and relieving the pressure to invade lands that are now wild and marginal for human needs. Sprawl in the urban environment is the kind most publicized, but there is analogous sprawl in agriculture, forestry, mining, recreation and other land uses and industries.
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>>130441796
Move to a commie country and be happy, you faggot.
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>>130442100
You should learn the difference between state and common property my under-educated friend
Gerogism is a market based system and was detested by Marx
pic related if you want to stop being stupid
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>>130441796
This triggers the lolbertarian
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>>130442100
-Doesn't understand a fucking thing he just read, so breaks out a generic /pol/fag reply.
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>>130443292
/pol/ is too stupid to know whats good for them
go figure
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