Georgism

Reader comment on: Magnet Versus the Kleptocrats

Submitted by David Weinkrantz (United States), May 19, 2015 18:01

The value of land (by itself not including the value of any building on it) emanates from that which is near to it. That is, it emanates from society not from the subject landholder.

Accordingly, its increasing value should be shared with society rather than captured by a landholder that didn't create the societal value. Land should be taxed to capture the incremental value created by society. This could reduce or eliminate the need for taxes on productive people and obviate the need for control of rents.

I base this on the writings of Henry George.

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Other reader comments on this item

Title By Date
Another market distortion [49 words]Andrew TerhuneMay 22, 2015 11:16
⇒ Georgism [96 words]David WeinkrantzMay 19, 2015 18:01
Another benefit of part-time residents [31 words]Jerry SkurnikMay 19, 2015 17:21

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