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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Why do you believe there's a "principled trade-off?" You're assuming there's a right answer. That's a dangerous assumption.
Unless you're cool with someone who wants a different outcome to asses their answer is better than yours and forcing you to follow suit.
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That's a good point. Maybe I mean something more like: by what mechanisms can a society justly reach consensus about how to make that tradeoff?
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