Re:Does Georgism work? Is land a big deal?
by nickff on Thursday December 09, 2021 @02:21AM
(#29494758)
I completely agree with you regarding museums holding large collections which they do not exhibit; in fact, I think it highlights how a sort of 'George-ish' tax on paintings might be helpful!
With respect to your second point, I think that taking each out of circulation has different effects. I would guess that most assets have a value of about what they're worth (i.e. the price mechanism works). I think Georgism is at least a valuable paradigm, and would be in favour of at least some pseudo-Georgist measures, such as only taxing land, to encourage higher-value uses rather than land+structures, and taxing all sorts of land at the same rate.
Re:Does Georgism work? Is land a big deal?
by lmm on Thursday December 09, 2021 @09:28PM
(#29505768)
> I completely agree with you regarding museums holding large collections which they do not exhibit; in fact, I think it highlights how a sort of 'George-ish' tax on paintings might be helpful!
I'm not convinced; after all these collections are often already in public ownership. If there was something more beneficial to the public to be done with them, one would hope that would already be happening.
Obviously I'm assuming an equal monetary value of paintings vs land; my point is not about how many acres equal how many paintings but about the impact on other people that taking $1M of paintings vs $1M of land out of circulation has.