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TheIU.org - Land and Economic Rent
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All the comments and stories posted to Hacker News that reference this video.The ideas of Henry George [0] address this, without resorting to "Tragedy of the Commons" solutions of collective ownership. The short answer is a Land Value Tax [1], based only on "ground rent" (the usage value combined with the value of proximity to community), as opposed to taxing improvements, as most property taxes do currently.The rough theory is that the tax should be proportional to the unearned "rent-seeking" profits that derive indirectly from the surrounding community; moreover, a higher tax on ground rent disincentivizes pure speculation [2], while removing the disincentive of value-creation/development baked into our property taxes now. And unlike communist policies, this system would preserve the distributed intelligence of markets; there are some libertarian economists who favor the idea, the most notable of whom was Milton Friedman, who called LVT "the least worst tax".
In some sense, it could be seen as closer to a voluntarist system that most forms of government: one essentially pays the surrounding community to compensate them for their violent exclusion from a portion of nature. This video articulates the idea fairly well in plain language: https://www.youtube.com/watch?v=0yltJHY6g5I
[0] https://en.wikipedia.org/wiki/Georgism
[1] http://www.landvaluetax.org/what-is-lvt/
[2] https://commons.wikimedia.org/wiki/File:Everybody_works_but_...