Submitted by ToffeeFever t3_10oqjg4 in Pennsylvania
Illustrious_Air_1438 t1_j6h0syf wrote
Reply to comment by artificialavocado in Want growth in Erie? Cut taxes on homes and jobs, hike taxes on land instead by ToffeeFever
https://en.wikipedia.org/wiki/Georgism
It's very popular on r/neoliberal. I don't know too much about it though.
artificialavocado t1_j6h9zm5 wrote
The part about the people owning what they produce doesn’t seem bad. It seems to be Marx-adjacent.
GraffitiTavern t1_j6hd09f wrote
Yes and no, in practice his work was the first big way to "fix" capitalism. Quite a few of his ideas are interesting, but they have gotten picked up by a number of capitalists as a reason to cut income taxes, and an attempt to undercut the appeal of socialism. Like in the OP the article has the guy basically just advocating general tax cuts(which isn't Erie's problem, I live here and wages are awful). There are both Left and Right strains of Georgism.
Him and Marx were actually contemporaries for a bit: https://www.marxists.org/archive/marx/works/1881/letters/81_06_20.htm
artificialavocado t1_j6hfany wrote
I think the Erie area is the only part of the commonwealth I’ve yet to visit.
GraffitiTavern t1_j6hflml wrote
Fun during the Spring+Summer, not missing a ton but Presque Isle is nice as are fresh pepperoni balls(local treat)
artificialavocado t1_j6hg6pg wrote
In general are there a lot of lake activities? I live close to Sunbury there is some Susquehanna River stuff to do but not as much as people think.
GraffitiTavern t1_j6hgtvv wrote
Depends on your definition of a lot, Presque Isle is a decently sized state park with a ton of visitors, theres also a whole marina part of the city to walk, a water park, and the tom ridge environmental center. In North East(a town North East of Erie) it's like a mini wine country.
Jaylon_Wennings t1_j6ks6oa wrote
Wouldn’t that in theory make it more expensive to own a lot of land? Just curious
WikiSummarizerBot t1_j6h0u2u wrote
>Georgism, also called in modern times Geoism, and known historically as the single tax movement, is an economic ideology holding that, although people should own the value they produce themselves, the economic rent derived from land—including from all natural resources, the commons, and urban locations—should belong equally to all members of society. Developed from the writings of American economist and social reformer Henry George, the Georgist paradigm seeks solutions to social and ecological problems, based on principles of land rights and public finance which attempt to integrate economic efficiency with social justice.
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IamSauerKraut t1_j6hszd0 wrote
If I produce income (on which I am taxed) and I buy land with that income, am I not owning the value of what I have produced? Why should I be taxed a second time on that?
avo_cado t1_j6ht7nv wrote
Did you make the land?
IamSauerKraut t1_j6hy0ng wrote
The land is not the product. Rather, the land is purchased with the product I make (income which is taxed), so I should not face a double tax on what is mine.
hic_maneo t1_j6inlg6 wrote
In a true LVT situation, your income would NOT be taxed, only the Land if you choose to purchase it. So you would not be double taxed.
IamSauerKraut t1_j6k6mbc wrote
Theoretical bs, imho. How can I build my house if I do not own the land upon which I seek to build it?
hic_maneo t1_j6kot36 wrote
…but you do own it. You bought the land, and you can do what you want with it as long as you can afford to pay the tax. How is that any different from any other tax? This isn’t really an outrageous concept.
IamSauerKraut t1_j6l0vc6 wrote
Under the current property assessment scheme in PA, we already pay tax on the land.
Illustrious_Air_1438 t1_j6lz2jk wrote
A land value tax would replace the existing property tax, and only tax the value of the land itself, not any buildings or other improvements.
IamSauerKraut t1_j6mz7tq wrote
>only tax the value of the land itself, not any buildings or other improvements.
In other words, the guy who can only to afford to live in a trailer now would be taxed at the same level as a guy who can afford to put a mansion upon his property?
Still seems like a dumb idea that needs much more thought.
AbsentEmpire t1_j6kp3vm wrote
I think you missed the single tax aspect. Under such a system your income would not be taxed.
IamSauerKraut t1_j6hsp0z wrote
The same folks who have "No farms, no food" as a bumper sticker want to stick it to the farmer... go figure.
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