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Meme of the Week: The Georgist Policy Iceberg

Everything listed here are policies that I’ve seen be discussed in Georgist circles, even to the point of being featured on the Wikipedia page. LVT and ending taxes on production are, of course, the two biggest mainstays that Georgists to the letter have dreamed of. But ground rent isn’t the only source of rent that can be targeted for revenue or reform.

There are plenty more sources of rent that deserve mentioning too, here’s a great list of about 15 of them (including some from this image).

With all this in mind, it’s easy to see that the economic rent that accrues to these desirable, finite assets/privileges* can make up a huge portion of our economy. Enough to achieve that Georgist dream of funding an economy with only economic rent? It’s possible, especially when accounting for the possibility that All Taxes Come Out of Rent (or at least a sizable portion). We won’t know until we try, but it gives a lot of optimism.

(*) -> The profits from money creation are an interesting spin on this. Even though bank licenses aren’t limited, and more money can be created, the actual recognition of a single currency by the government and society has led some to advocate that there is a degree of monopoly income involved in money creation. We too have advocated this position as part of a Georgist critique of our current financial system.

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