News for hackers. Stuff that matters.
Re:Seeing like a state, progress and poverty, and owning land by kcb on Friday August 19, 2022 @09:41PM (#32528219)
I still don't understand how Georgism makes any sense in a digital world. The biggest companies in the world require irrelevantly small amounts of land to operate. A person can make millions in a 10x10 box with a computer.
Re:Seeing like a state, progress and poverty, and owning land by perilunar on Saturday August 20, 2022 @10:02AM (#32532122)
Modern Georgists extend 'land' to all natural resources. So minerals, water, radio spectrum, and importantly, 'right to pollute' (e.g. CO₂ emissions) would all be included and taxed.

If you create something without using any natural resources, then you shouldn't have to pay any taxes on it — it all belongs to you. Well done! If a large company does it then same — it's good to use less resources, and taxing their use encourages people to use less. But you will still probably want to live somewhere (and eat food grown somewhere, and drink water that fell somewhere), and you pay tax on what you use, instead of the income you generate.

Georgism is about taxing resource consumption, not income.

Re:Seeing like a state, progress and poverty, and owning land by thaumasiotes on Friday August 19, 2022 @10:43PM (#32528510)
Consider a stylized company town - there's one major employer in the town, they provide a stable population base (their employees, plus family members) which demands various goods and services, and so a town exists.

If the employer leaves, the town will be unable to sustain itself, everyone will leave, and the land will return to the wild.

Given this setup, under Georgism, what is the amount of property tax the major employer should pay? The correct amount of tax would appear to be negative.

Re:Seeing like a state, progress and poverty, and owning land by larsiusprime on Saturday August 20, 2022 @01:57AM (#32529531)
And yet real estate is still the world's biggest asset class, amounting to some 68% of all real assets worldwide:

https://www.gameofrent.com/content/is-land-a-big-deal

and the vast majority of that real estate's value is in land

Re:Seeing like a state, progress and poverty, and owning land by thaumasiotes on Saturday August 20, 2022 @05:19AM (#32530632)
> and the vast majority of that real estate's value is in land

Is that true? Most of the value derives from the location - if you doubled the floor space over the land, the value of the land+improvements would double. The land isn't contributing value.

Re:Seeing like a state, progress and poverty, and owning land by TimPC on Saturday August 20, 2022 @07:30AM (#32531189)
land value is mostly location value. Land value captures all improvements that aren't on the property itself.