Comment by Imustaskforhelp
Comment by Imustaskforhelp 2 days ago
Man I wanted to write about georgism (see my comment on the parent's post where I talk about land parasites)
I am such a big georgist. Seriously, I might genuinely cry seeing how georgism isn't being implemented. it is one of the most superior policy systems but the parasites own so much that we don't even discuss about it
I was talking to my friend about georgism when he asked me if I was a capitalist/communist.. Basically in the end he just said, that he doesn't know about economics... so he doesn't know and they wanted to change the topic I feel like this might be a major hurdle where people think that economics is some huge mumbo jumbo when I feel like georgism and (index funds?) are two things that almost everyone should know given how simple they are.
Georgism is land communism. The 'community' or whoever is collecting the taxes (LVT) owns all land and rents it out. Ideal LVT puts the market value of all land at $0 after tax liabilities, so even if you could 'own' land under Georgism it would largely be economically meaningless.
It's straight up marxism hidden as a capitalist market measure. Vacant land portion of property taxes are essentially georgism-light where the land capital is mostly under a capitalist model but with a % owned by the community (or more likely, a government that commonly works against community interests) and rented out in the form of property tax (in georgism the % is 100).