Comment by mothballed

The genius of georgism is it's just land communism where the government charges you rent for the land, disguised as a tax.

But don't take it from me, read George himself:

  [LVT would] “accomplish the same thing [as land nationalization] in a simpler, easier, and quieter way." []

Of course George plays a little slight of hand game where he uses "tax" and capitalist mechanisms and only defends communism for land, which enables a lot of his supporter's arguments to play make believe about what it is. But George betrays this secret to those who actually reads his books.

Beyond that, there's serious inefficiencies in Georgism

- No incentive for efficient allocation of land (price is zero)

- The incredibly important role of land speculators, who help assign time preference to land by delaying its introduction in the market to when its value can be better captured, is basically destroyed

- People will all grab the "best" land as fast as they can with allocation basically left to favoritism or queueing

- Undeveloped land value can be impossible to separate from improvements

[] Henry George, Progress and Poverty p. 404.