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Does CCR (community collection of rent) distort or does it optimize the timing of development? Today's fiscal system distorts the timing by imposing taxes on capital goods and subsidies to land value. In a pure market, neither would exist, and the timing would not be distorted. Without CCR, landowners...
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By Graham Wright in General The obvious question is what's so special about land... Morally, that land is not a human being, and was not produced by human action. Therefore self-ownership does not apply to land. Economically, that there is a fixed supply of land, that land is necessary for human...
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Graham Wright claims that Georgism collects 100% of the income from land. Georgist policy collects only the economic rent of land, which by definition is that rent not needed to put land to its best use. Thus any income due to entrepreneurship and improvements by the title holder would not be taxed....
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Graham Wright claims that Georgists believe that land belongs to the community. Not quite. Georgists believe that the economic rent of land belongs to some relevant community in equal shares, but the possession of land may well be individual. Indeed, Georgism would provide greater rights of individual...
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"when they say "land monopolization" they mean what we would call private ownership of land, or a free market in land." Not so. Land is a monopoly because: 1) The supply cannot expand, so landowners all together have a monopoly; to get land, one must transter land from a previous...