it’s been a while since I’ve heard about it, but iirc LVT generally evaluates and decides on taxes based on proximity to other developments, so undeveloped land or poor density land that is close to more developed housing, is taxed more heavily, while land out in the boonies isn’t taxed very heavily. it’s supposed to incentivize development in more desirable places to live, and naturally eliminate situations in which higher value plots end up getting bought up by rich people for their whims.
at the same time, it’s still a solution that’s ultimately relying on the free market to maximize their profit margins, and that being good for society, it’s just decreasing the relative profit margins for each plot of land through higher taxes. it still retains harmful forms of development, it just, potentially, eliminates them more naturally, compared to explicit bans.
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.
It would still work in a heavily regulated market, yeah, but the thing with georgism is that it tends to be advertised as a kind of one-size-fits-all solution to the housing market, as a highly sought after “single tax” or “perfect tax”. If you look at the historical ties of georgism which I also kind of struggle to remember, I think I remember that being kind of, the thing about it, was that it was aligned with like, the dominant labor parties, but was kind of seen as too moderate and singularly committed of a position.
So, the tax itself is cool, and agreeable, but the georgists as a kind of, party, and georgism as a philosophy built around a singular tax, I’m still not sure about. I’m skeptical of silver-bullet solutions, which is what georgism is often made out to be. It also gives me bad vibes because anytime I hear someone talking so highly about some obscure 19th or 20th century political philosophy, it gives me the same alarm bells as people who want to be rhodesian infantrymen, or people who want to be dengists, or shit like that. I dunno. Henry george was an interesting and prescient dude but he was also in many ways a product of his time, I think. Here’s marx talking about him in a letter I haven’t read, might interest you I guess.
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’s been a while since I’ve heard about it, but iirc LVT generally evaluates and decides on taxes based on proximity to other developments, so undeveloped land or poor density land that is close to more developed housing, is taxed more heavily, while land out in the boonies isn’t taxed very heavily. it’s supposed to incentivize development in more desirable places to live, and naturally eliminate situations in which higher value plots end up getting bought up by rich people for their whims.
at the same time, it’s still a solution that’s ultimately relying on the free market to maximize their profit margins, and that being good for society, it’s just decreasing the relative profit margins for each plot of land through higher taxes. it still retains harmful forms of development, it just, potentially, eliminates them more naturally, compared to explicit bans.
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
It would still work in a heavily regulated market, yeah, but the thing with georgism is that it tends to be advertised as a kind of one-size-fits-all solution to the housing market, as a highly sought after “single tax” or “perfect tax”. If you look at the historical ties of georgism which I also kind of struggle to remember, I think I remember that being kind of, the thing about it, was that it was aligned with like, the dominant labor parties, but was kind of seen as too moderate and singularly committed of a position.
So, the tax itself is cool, and agreeable, but the georgists as a kind of, party, and georgism as a philosophy built around a singular tax, I’m still not sure about. I’m skeptical of silver-bullet solutions, which is what georgism is often made out to be. It also gives me bad vibes because anytime I hear someone talking so highly about some obscure 19th or 20th century political philosophy, it gives me the same alarm bells as people who want to be rhodesian infantrymen, or people who want to be dengists, or shit like that. I dunno. Henry george was an interesting and prescient dude but he was also in many ways a product of his time, I think. Here’s marx talking about him in a letter I haven’t read, might interest you I guess.
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.