4min chapter

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

Dwarkesh Podcast

CHAPTER

The Search Theoretic Critique of Georgia-Zim

Zachary Gautenar and Brian Kaplan wrote a paper titled The Search Theoretic Critique of Georgia-Zim. In it, they argued that land improvements should not be taxed as long as oil wells are in the area. They said this would create an incentive for companies to go out there and discover the oil. But when you find theOil belongs to the Norwegian people; all your R&D is free. All your discovery is free. If the problem is discovery, we just subsidize discovery. That's what Norway does.

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