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A comment on Letter from a Young Distributist: Georgism and Distributism. Parent comment

Re:Letter from a Young Distributist: Georgism and Distributism by brightly-salty on Saturday April 30, 2022 @09:58AM (#31216129)
How much would you pay for land that has 100% of its rental value taxed away every year?
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Re:Letter from a Young Distributist: Georgism and Distributism by anamax on Monday May 02, 2022 @01:58PM (#31238504)
Word games aside, I'd pay for land if I'd make money by doing so.

Suppose that I own a building. I may, or may not, pay for the land it sits on.

In the "land value is taxed 100%" regime, it doesn't make sense for land owners to charge rent because govt takes the "land rent".

%100% of 0 is 0.

I'm pretty sure that they'll figure out some way to get compensated. If they can't, no one will bother to own land.

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