Comment by mothballed
Comment by mothballed 2 days ago
The Trojan Horse of Georgism does all the things you disdain, for land, which is the most vile of all because land creatures can't escape it. The genius is Georgism pretends like it's not Marxist by using market principles, but zeroing them out so you don't actually own it and you end back in land communism.
>Economists from Adam Smith and David Ricardo to Milton Friedman and Joseph Stiglitz have observed that a public levy on land value (Georgism/LVT) does not cause economic inefficiency, unlike other taxes.
This is not an accurate portrayal, there is an extensive list of problems with Georgism that destroys much of the important methods of allocating and using land, even if you could tax it accurately.[]
[] https://cdn.mises.org/Single%20Tax%20Economic%20and%20Moral%...
You're on a lonely island there, and despite the followup edit for a reference to the Mises Institute, your thoughts represents neither mainstream nor, especially recently, what their own Pete Boettke would declare, mainline economics. Thanks for your thoughts, I've reviewed them and found them inaccurate.
Smith, Adam (1776). "Chapter 2, Article 1: Taxes upon the Rent of Houses". The Wealth of Nations, Book V.
Tideman, Nicolaus; Gaffney, Mason (1994). Land and Taxation. Shepheard-Walwyn in association with Centre for Incentive Taxation. ISBN 978-0-85683-162-1.