“Landowners may also refuse to allow their land to be used productively. When good land is withheld from use, labor must use less-productive land. When rents go up, wages and productive investment suffer. This leads to unemployment and cycles of wealth and poverty.”
Therefore, George argued, land rent should benefit society, to ensure that good land is available for use, thus lowering prices and rents.
EBSCO notes that modern supporters of the Single Tax advocate for land value taxation, or LVT.
“LVT assesses property taxes on the value of the land, including improvements made to it, but does not tax any structures on the land. It is often favored in regions where primary land use is agricultural. Economists who advocate for LVT note that valuation of structures is often less stable than land value.”
Meanwhile, land value is mainly influenced by what the land is used for, as well as what happens nearby.
“For example, the value of an acre of land in an agricultural area does not change much based on nearby development, but a plot of land the same size in an urban setting might be valued based on where it is, if, for example, the city experiences demand for usable retail space in that neighborhood.”
#30 Nothing Says ‘Vibrant Urban Core’ Like A Half-Empty Parking Lot The Size Of A Football Field

What are your thoughts, dear Pandas? Do you think that Georgism is the way to go, or do you think another economic philosophy is more practical?
What’s your perspective as to why housing prices have become so jaw-droppingly ridiculous in recent years? How would you solve the housing affordability crisis if you had free rein?
Do you personally feel that you’re struggling to buy a home, or do you think that you have a fair and decent chance at property ownership? Let us know in the comments below.
#34 It’s That Time Of Year Again. Who Needs Christmas Spirit When You Could Have Stroads And Highways 🥰

#35 With Lvt + Yimby, We Could Afford So Much Nice Things, But Instead Here We Are Throwing All Our Money At Landlords And Sprawl

#36 Who Needs Walkable Neighborhoods When You Can Have Empty Parking Lots And Car Sprawl?

#37 Self Identified Libertarians Seemingly Only Support Libertarian Beliefs When It’s Convenient For Them


















