Re:Does Georgism work? Is land a big deal?
by lalaithion on Wednesday December 08, 2021 @10:45PM
(#29493597)
That's not quite what deadweight loss is; deadweight loss is when you can produce apples for $1, but a tax induces you to have to sell them for $1.10, preventing everyone who would be able to buy them at $1.05 from getting apples.
[ Parent
| on HN ]
Re:Does Georgism work? Is land a big deal?
by MrPowers on Wednesday December 08, 2021 @10:47PM
(#29493606)
I'm using the textbook definition of deadweight loss: https://en.wikipedia.org/wiki/Deadweight_loss