Does Georgism Work? Is Land Really A Big Deal?
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Highlights
- If you take Georgism to its natural conclusions, you might start to question government-enforced monopolies over other kinds of "Land," such as electromagnetic spectrum, water and mineral rights, and orbital real estate for satellites, not to mention the deadweight loss created by intellectual property gatekeepers over, say, research papers.
- I think what he’s saying is that most public works can be funded entirely by the increases in land value they generate, supplemented with modest user fees.
- If you put ATCOR, the Henry George Theorem, and observations about non-pure-public-goods-spending together, one could postulate a virtuous cycle where government investment is always able to pay for itself without creating a drag on the economy and without any deficit spending or debt.