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GraffitiTavern t1_j6h877c wrote

Reply to comment by artificialavocado in Want growth in Erie? Cut taxes on homes and jobs, hike taxes on land instead by ToffeeFever

An obscure but quite influential school of economic thought stemming from Henry George, a major American economist from the late 19th century. Essentially, he advocated a tax on land value instead of income or property and was a heavy advocate of free trade.

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artificialavocado t1_j6h9x2f wrote

Thanks I feel kinda dumb for never hearing about this.

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GraffitiTavern t1_j6hc398 wrote

Don't! Most people haven't, he was influential but there aren't many strict devotees of his work so it's not as well known.

Fun Fact: The only large place where traditional Georgist concepts have been implemented in a major way is Taiwan, as Sun-Yat Sen(Nationalist leader and the founding father of modern China to both the PRC and Taiwan) was a convert to Georgist economics.

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artificialavocado t1_j6hcl9t wrote

I’m going to have to look into it more thanks. It seems decent in that the people who generate value get a portion of it, unless that’s just a red herring?

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