Property in land - What are your thoughts on Georgist libertarianism?
The basic idea behind Georgism is that land and natural resources are not the fruits of anyone’s labor, so no one has a natural right to it. Georgism proposes based on this that collective ownership arrangements be applied to such resources. Geolibertarianism supports full private property rights in the products of labor.
What are your thoughts on this approach to natural resources?
@jlou @libertarian 100% for a redistributive land value tax, yup. I still think we need income and capital gains taxes, however, so I guess I’m not a Georgist. Income tax could be lowered, however, especially at lower incomes, with the main aim of income taxation being redistribution to limit excessive inequality.
Also, I don’t think LVT is enough by itself. That taxes human market value of land but not natural value. (1/2)