Georgists assert that a Land Value Tax (LVT) ensures land is always put to its most efficient use. They claim that increased carrying costs deter speculation. And if valuable land is never held out of use, society is better off.I think the story about incentives is correct. But I question … [Read more...]
Visions of Progress: Henry George vs. Jane Jacobs
Henry George and Jane Jacobs each have an enthusiastic following today, including, I’m sure, some readers of The Freeman.For those who might not know, Henry George is the late-19th-century American intellectual best known for his proposal of a “single tax” from which he believed the … [Read more...]