I have a lot of fans of Georgism / Harberger taxation in my life; naively requesting balance: what are the most interesting arguments against such property taxation schemes? n.b. Practical arguments like "people don't like it" or "it's politically impossible" aren't interesting!
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One interesting argument I don't know how to think about: how to make principled trade-offs between allocation and investment efficiency? Obviously extreme values on either side cause problems. How to find "ideal" social parameters?
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against harberger; if you’re hated, you will literally have to pay higher taxes to avoid having trolls crowdfund the repossession of ur house 🙃
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!! That's delightful!!
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Thanks for these! Doesn't George argue that land can't be created? Like, he handles cases of man-made land as an improvement on the sea? I wonder if the Harberger issues could be addressed by just setting the tax conservatively low, ie still biasing towards investment efficiency
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Right! How to find the proper social parameterization for allocation efficiency vs. investment efficiency?
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Land does not belong to mankind in common any more than any other type of property.
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