I assume you mean Georgism, not the economics of Georgia. I think it was an inte

I assume you mean Georgism, not the economics of Georgia.

I think it was an intelligent even if failed attempt to find a radically different yet simple solution to the post-agrarian age. However, it relies on arbitrary valuation, causes capital flight, is administratively challenging if not impossible, and while we have implemented it widely in the USA as property tax, and it produces insufficient revenue for almost any purpose at all, and is continously contentious.

The problem is better understood as density aborbs all increases in value by transfers to owners of property and real estate. And that problem is better understood as a failure of the state to finance housing at no interest to families within the range of that density.

The only ‘fair’ taxes are sales and income tax – and we hate them. We only hate income tax because it is too complicated instead of proportional and consistent without exceptions or deductions. And we hate sales tax because it isn’t included in the price, and too many things are taxed.

The most unfair ‘tax’ is interest on consumer credit applied to durable goods, and semi-durable goods, when we are only borrowing against our future selves, and these goods then expire over the time we have borrowed the money from – it makes no sense and it’s predatory on our people. There is no reason for interest on homes, autos, boats, appliances, durable furniture, and really, even clothes.

Likewise there is no reason for intergenerational transfer of income instead of the singapore model of individual savings with contributions by the state, which are invested by the state ( or some agents ) for retirement, medical care, and unemployment.

Reply addressees: @MathPolice