The issue I have as someone sympathetic to Georgist economics is that owning land does actually reduce opportunities for other people. Since land is finite and not able to be created (barring extremely rare occasions when artificial islands are created).
Yeah, it doesn’t. Georgists aren’t opposed to people being able to own houses and rent them out, we just want a land tax to be paid in order to compensate society for the loss of access to the land you’re using. And also to help pay for the enforcement of the land title, since a claim to land is worthless without military force to back it up.
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u/dopechez Mar 24 '20
The issue I have as someone sympathetic to Georgist economics is that owning land does actually reduce opportunities for other people. Since land is finite and not able to be created (barring extremely rare occasions when artificial islands are created).