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submitted 7 months ago by mossy_capivara@midwest.social to c/196@lemmy.blahaj.zone

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[-] Fried_out_Kombi@lemmy.world 90 points 7 months ago

Good solution is to tax land. The land value tax cannot be passed on to tenants, both in economic theory and in observed practice.

Plus, it's just a super good tax. Progressive, hard to evade, super efficient, incentivizes density and disincentivizes sprawl. It's so good that economists of all different ideologies agree, from free-market libertarians like Milton Friedman to New Keynesians and social democrats like Joseph Stiglitz.

We should be taxing land, not labor.

[-] ElectricAirship@lemmy.dbzer0.com 6 points 7 months ago

Every one of those people you just named are foundational economists of Neoliberalism. A system we tried and is part of the reason the world is so shit.

Enough with the old ideas already.

[-] Fried_out_Kombi@lemmy.world 6 points 7 months ago

What about Henry George, then?

Henry George (September 2, 1839 – October 29, 1897) was an American political economist and journalist. His writing was immensely popular in 19th-century America and sparked several reform movements of the Progressive Era. He inspired the economic philosophy known as Georgism, the belief that people should own the value they produce themselves, but that the economic value of land (including natural resources) should belong equally to all members of society. George famously argued that a single tax on land values would create a more productive and just society.