Georgism: Difference between revisions
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Georgists also believe that a Land Value Tax would put down rents and housing costs. Land Hoarders would be forced to give up their land, coupled with the fact that unused space would be taxed, giving an extra incentive to create more housing on said unused land.
And of course because it inherently put money into the government, Georgists believe that this money be redistributed to the people. Originally, Henry George believed that an LVT would be able to abolish all other taxes<ref>https://www.econlib.org/land-taxes-the-return-of-henry-george/#:~:text=George%20proposed%20to%20tax%20away,building%2C%20would%20not%20be%20taxed.</ref>, along with provide Public Transportation and a UBI, however most Georgist think his belief as unrealistic. Most Georgists believe that an LVT could replace Income Tax and/or provide a UBI.
In short, Georgists believe that a Land Value Tax would be able to cut rents, end Speculation and lower taxes.
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