Re:Georgism
by AnimalMuppet on Monday May 18, 2020 @12:13PM
(#23224340)
> Georgism holds that all wealth fundamentally comes from the land. This isn't completely true in the digital age but it is still true enough.
Yeah, I think that's most of the debate right there. A bunch of us seriously question whether it is "still true enough".
Re:Georgism
by rukittenme on Monday May 18, 2020 @12:32PM
(#23224628)
Then apply a "digital" tax for whatever amount of revenue or justice you imagine you're missing out on.
The stock is taxed indirectly. Georgism holds that all wealth fundamentally comes from the land. This isn't completely true in the digital age but it is still true enough.
> Their heirs receive the dividends from that stock
If you tax income it never goes away. You just take a portion of whatever is there. If you tax wealth then the wealth is eventually drawn completely into the society. That's the fundamental difference. LVT is a tax on wealth.