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Joined 1 year ago
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Cake day: July 1st, 2023

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  • Good point about people speaking ‘highly about some obscure 19th or 20th century political philosophy’ ringing certain alarm bells. I certainly share your skepticism. I wouldn’t call myself a ‘Goergist’. I do think LVT is worth looking into when trying to solve land-hoarding and wealthy entities treating property as an investment portfolio at the expense of families in need of homes.




  • It would still work with a heavily regulated market. And in my opinion would need to be paired with zoning regulations and environmental policy. For example a stretch of wilderness that happens to be on top of a vein of coal would have the same value and tax as the same land without the coal if regulations prevent coal mining, adjusting incentives away from the most harmful uses.

    Edit: grammar


  • Yeah that is a good question. It is meant to tax strictly the value of the land. So undeveloped rural land will be taxed very low, vs say undeveloped urban land. The idea is to incentivize productive land use of more valuable land so that as the value of the land goes up, it becomes untenable not to put it to use. In your case, it the land is unbuildable then then the tax would be quite low, even if things to get built up around you. This is just the tip of the iceberg of an economic theory called Georgism, that I am still wrapping my head around.