Comment by mothballed
2 days ago
The Trojan Horse of Georgism does all the things you disdain, for land, which is the most vile of all because land creatures can't escape it. The genius is Georgism pretends like it's not Marxist by using market principles, but zeroing them out so you don't actually own it and you end back in land communism.
>Economists from Adam Smith and David Ricardo to Milton Friedman and Joseph Stiglitz have observed that a public levy on land value (Georgism/LVT) does not cause economic inefficiency, unlike other taxes.
This is not an accurate portrayal, there is an extensive list of problems with Georgism that destroys much of the important methods of allocating and using land, even if you could tax it accurately.[]
[] https://cdn.mises.org/Single%20Tax%20Economic%20and%20Moral%...
You're on a lonely island there, and despite the followup edit for a reference to the Mises Institute, your thoughts represents neither mainstream nor, especially recently, what their own Pete Boettke would declare, mainline economics. Thanks for your thoughts, I've reviewed them and found them inaccurate.
Smith, Adam (1776). "Chapter 2, Article 1: Taxes upon the Rent of Houses". The Wealth of Nations, Book V.
Tideman, Nicolaus; Gaffney, Mason (1994). Land and Taxation. Shepheard-Walwyn in association with Centre for Incentive Taxation. ISBN 978-0-85683-162-1.
You're quoting how Adam Smith hated landlords/rent, yet you seek to enslave all of society by making the government the landlord of everyone. From Smith's citation you have here, you would seek to exacerbate the problem he identifies.
Thank you again for your thoughts, this will be my last response to you since, based on our interaction, I believe you want the last word. You are substantively incorrect in assertions. You have yet move beyond an assertion that "Georgism is Marxism." I have provided both justification why you assertion is invalid, and pointed out that leading economists of all stripes (orthodox and heterodox) consider a land value tax to both be minimally distortive.
Thanks for the opportunity to present Georgism as a superior policy over the clamor in your prior comments.
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