Key insights

• ⬆️ Landowners can profit from increasing land value without contributing to property development or maintenance
• 📈 Henry George observed the rising value of land with societal improvement
• 🌍 Land value tax promotes efficient land use and discourages hoarding
• 💰 Land value tax cannot be passed on to the consumer, making it unique among taxes
• 🤝 Georgism is supported by a wide range of influential figures from various political ideologies
• 🏞️ Alaskans receive annual payouts and live tax-free

Q&A

• What are some examples of benefitting from capturing land value?

  Alaskans receive annual payouts and live tax-free due to investing money from oil drilling transactions for the benefit of the state's residents. Singapore's land use policy transformed the country. Proposals to capture land value and fund society through unearned wealth can solve many societal issues by promoting efficient land use and fair funding.

• What is Georgism and its proposal regarding land value tax?

  Georgism, advocated by influential figures across the political spectrum, proposes a land value tax to benefit the community, boost the economy, and support the poorest in society. It is supported by a wide range of influential figures from various political ideologies, and the land value tax proposed by Georgism is seen as a way to boost the economy, lessen the power of landowners, and provide benefits to society. Examples of Georgism in practice include the Alaska Permanent Fund, which invests money from oil drilling transactions for the benefit of the state's residents.

• How does Land Value Tax differ from other taxes?

  Land value tax cannot be passed on to the consumer, making it unique among taxes. Money collected from land value tax funds public services and provides a Citizen's Dividend to the public. It is also supported by figures across the political spectrum, including Milton Friedman and Adam Smith.

• What are the benefits of Land Value Tax?

  Land value tax incentivizes efficient land use, reduces housing crisis, lowers rent, improves community well-being, and is unavoidable even for the rich. It promotes efficient land use, discourages hoarding, encourages development, lowers rent, and allows for tax cuts, making goods cheaper. It also improves community well-being, reduces loneliness and mental health issues, and is unavoidable even for the rich, as they cannot escape land tax.

• What is Henry George's proposal of Land Value Tax?

  Henry George observed the rising value of land with societal improvement and proposed the Land Value Tax to address wealth inequality. This tax is based on the rental value of land, excluding the value of buildings and crops. It aims to reduce taxes on labor and other forms of property and shift the burden onto unearned wealth from land and natural resources. The tax approach could potentially fund government operations and provide more resources for public services.

• How can land ownership lead to wealth without effort?

  Landowners can profit from increasing land value without contributing to property development or maintenance. Ownership of land can lead to significant wealth through appreciation, land banking, and exclusive rights to property, like parking spots, which can generate substantial profits without effort or contribution to society.

• 00:00 Land ownership can lead to significant wealth without effort, as the value of the land increases over time. This can result in substantial profits for landowners, even if they do not contribute to the development or maintenance of the property.
• 02:57 Henry George noticed the increasing value of land and proposed the Land Value Tax to address wealth inequality, shifting the tax burden onto unearned wealth from land and natural resources.
• 06:16 Land value tax incentivizes efficient land use, reduces housing crisis, lowers rent, improves community well-being, and is unavoidable even for the rich.
• 09:41 Land value tax cannot be passed on to the consumer, it funds public services and provides a Citizen's Dividend to the public, and is supported by figures across the political spectrum.
• 12:44 Georgism, advocated by influential figures across the political spectrum, proposes a land value tax to benefit the community, boost the economy, and support the poorest in society.
• 16:05 Alaskans receive annual payouts and live tax-free; Singapore's land use policy transformed the country; Proposals to capture land value and fund society through unearned wealth can solve many societal issues.