Does Georgism Work? Is Land Really A Big Deal?
Astral Codex Ten Podcast
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Lincoln Post - The Case for a Land Value Tax
The bulk of spill over value created by public spending is captured by private landowners. Governments then have to tax citizens labor and capital to pay for the next round of improvements. That's also not going to raise the value of land, because no location benefits from it more than any other. The above figures are already pretty astounding, even using the pessimistic federal reserve figures at the lower capitalization rate. Check out the paper nicholas tidman sent me post corona, balanced budget, super stimulus, the case for shifting taxes on to land.
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