Comment by mort96
2 days ago
I believe they described a system in which only natural resources are taxed. That's how I read "Georgeism but applied to all natural resources, not just land value". Income is not a natural resource which is why I asked them how they think it should be taxed, if at all.
I meant to suggest Georgeist natural resources taxes as an alternative to the current property tax scheme.
I'm not sure strict Georgeist policies hold up in a world where so much value is created digitally. It creates the perverse incentive to focus only on digital value creation rather than physical, and that's how you end up with a fragile or lopsided economy based solely on financialization (U.K.) or advertising (U.S.A.).