Re:Does Georgism Work? Five Years Later
by skew-aberration on Sunday September 27, 2026 @08:11PM
(#49872124)
Interest income is not taxed under Georgism btw, except for income on land speculation.
If you buy company x, restructure the business, start turning a profit, then sell the company -> that income (capital gains under current system) is untaxed in Georgism
If you buy an empty lot, wait 10 years to sell it to someone at a higher price, then all that profit is taxed (before it is realized too).
If you buy company x, restructure the business, start turning a profit, then sell the company -> that income (capital gains under current system) is untaxed in Georgism
If you buy an empty lot, wait 10 years to sell it to someone at a higher price, then all that profit is taxed (before it is realized too).