[lbo-talk] Georgism on the left

JT Ramsay ramsay_jt at hotmail.com
Wed Jan 21 10:22:10 PST 2004



> > The nice thing about a land tax is the tax base
> > can't run away. There is no incentive effect.
> > You pay the same whether you build on it or not.
> > With a zero tax on 'improvements,' your incentive
> > is to find the most profitable use for the land.
> > (Chances are you could get away with a non-zero
> > tax and still reap the benefits of the land tax.)
>
> > The problem with Georgism is the land tax base
> > is insufficient to finance a splendid progressive
> > welfare state. I would recommend it to cities.
> > It would promote density in urban cores & less
> > sprawl.

this was proposed in philadelphia recently by unpopular city councilman frank dicicco along with diane lucidi who represents the greater philadelphia association of realtors. it failed. i interviewed her once and it was very interesting; she suggested bulldozing all of north philadelphia, regardless of residents. i found it difficult to take her very seriously after that. she also went to g-town law, which makes me wary of g-town lawyers.

but more to the point: if cities were to use this tax would it counteract the ten year tax abatements that have already been renewed for all downtown hotels? or that the city of philadelphia is presently running the ritz carlton on s. broad st.? also: would this affect the current vacancies in hi-rise office space? philadelphia may soon have empty skyscrapers to commiserate with the abandoned factories.

oh, and philly's not necessarily more fun when you sleep over. i sleep over in philadelphia every night! (ignore this if you haven't seen the ad campaign. it's really only popular in s. jersey.) jt. r

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