3min chapter

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Lars Doucet - Progress, Poverty, Georgism, & Why Rent is Too Damn High

Dwarkesh Podcast

CHAPTER

How to Apply the Theories of Land Value Tax to Virtual Real Estate

George: I've written a policy paper on how to apply the theories of land value tax to virtual worlds. And it that does necessarily mean just do LVT, it means that, you know, so first of all, let me define what I mean by a land like asset. The unicorn is scarce, but it's not necessary for production. It obtains location value by virtue of its position in some kind of graph. A permit is like a permit to brew potions. You're part of the witches guild. You can brew potions. So there's no locational value. And then a plot of land, right? Like we've talked about where you can also and so this becomes

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