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Georgism Thread


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2022 Aug 5, 4:00pm   22,941 views  164 comments

by Patrick   ➕follow (59)   💰tip   ignore  

Having read an abridged version of Henry George's Progress and Poverty, I'm trying to clarify in my own mind exactly how it could work, and what legitimate objections might be. Georgism seems to explain property prices in the Bay Area very well, and how the higher salaries from increased productivity around here get sucked up by non-productive landowners.

These links look pretty good. I just read the first one. They all pretty long, but seem worth the read:

https://astralcodexten.substack.com/p/your-book-review-progress-and-poverty
https://astralcodexten.substack.com/p/does-georgism-work-is-land-really
https://astralcodexten.substack.com/p/does-georgism-work-part-2-can-landlords
https://astralcodexten.substack.com/p/does-georgism-work-part-3-can-unimproved
https://www.theirishstory.com/2016/10/18/the-great-irish-famine-1845-1851-a-brief-overview/

The main impediment, politically, would be the reduction in land prices. But perhaps some tech billionaires would throw their weight behind Georgism purely out of self-interest. They would come out ahead if income tax is reduced as much as the land value tax is raised.


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158   Patrick   2024 Jun 7, 10:47am  





One of the big advantages of Georgism is its simplicity.

Only land and other natural resources would be taxed, and the tax rate would be how much someone bids to have monopoly use of them per year.
159   Patrick   2024 Jun 13, 4:58pm  

https://www.thegatewaypundit.com/2024/06/trump-drops-bombshell-proposal-allegedly-suggests-eliminating-income/


Trump Drops Bombshell Proposal: Allegedly Suggests Eliminating Income Tax in Favor of High Import Tariffs During DC Republicans Meeting


This sounds like a good step towards Georgism.
160   DemocratsAreTotallyFucked   2024 Jun 13, 5:00pm  

Patrick says


Trump Drops Bombshell Proposal: Allegedly Suggests Eliminating Income Tax in Favor of High Import Tariffs During DC Republicans Meeting


Wouldn't be nearly enough. A VAT and a business Gross Receipts flat tax might. Both at 10% rates at least.

And this:

Despite these tariffs, the prices of imported goods remained unaffected under Trump’s administration.


There are so many ways around tariffs these days. Globalism and standardized shipping containers are the main culprits.
161   Patrick   2024 Jun 13, 5:03pm  

Right, it's just a step in the right direction. The Land Value Tax is what would generate enough revenue to run the government we need. Not the one we have.
162   DemocratsAreTotallyFucked   2024 Jun 13, 5:07pm  

Patrick says


Right, it's just a step in the right direction. The Land Value Tax is what would generate enough revenue to run the government we need. Not the one we have.


Again, LVT can't be levied at the federal level, really. Apportionment.


163   Patrick   2024 Jun 13, 5:11pm  

We couldn't impose a federal income tax either until the 16th Amendment.

16th should be repealed and replaced with LVT.
164   DemocratsAreTotallyFucked   2024 Jun 13, 5:16pm  

Patrick says

We couldn't impose a federal income tax either until the 16th Amendment.

16th should be repealed and replaced with LVT.


We could for the same reasons we could impose an LVT. It's just that the apportionment clause issue made collecting both too much a pain in the ass both technically and politically.

Getting any Constitutional amendment passed and ratified these days is politically impossible.

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