Does Georgism work? Is land a big deal?

Re:Does Georgism work? Is land a big deal? by amablue on Thursday December 09, 2021 @12:56AM (#29494303)

Land is taxed at very low rates, and it's almost always bundled with property taxes. Instead of taxing land at a few percent, Georgism says we should be taxing it at 100%. That's a huge difference from what we have in play today.

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Re:Does Georgism work? Is land a big deal? by zajio1am on Thursday December 09, 2021 @10:52AM (#29498785)

> Instead of taxing land at a few percent, Georgism says we should be taxing it at 100%.

Property tax percentages are from property value, while georgism is taxing 100% of imputed rent, not value. Relation between rent and price, as mentioned in the article, is described by capitalization rate, which is estimated to be 5-8%. So georgian LVT would be 5-8% of original land value.

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Re:Does Georgism work? Is land a big deal? by endisneigh on Thursday December 09, 2021 @05:28AM (#29495813)

I don’t disagree - which nations have a 100% land value tax? Either way, increasing the tax or reforming zoning, the crux of the issue is political.

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