"Georgism, also called in modern times Geoism, and known historically as the single tax movement, is an economic ideology holding that people should own the value that they produce themselves, while the economic rent derived from land—including from all natural resources, the commons, and urban locations—should belong equally to all members of society."

#georgism #geoism #wikipedia

@spacehobo @AlisonW @AlisonW profit and loss based taxes (eg. income tax) are really, REALLY dumb, taxes paid at the point of purchase/consumption are infinity more sane. of course you need to ensure that fresh, non-processed foods and sanitary items are not taxed but that's easy to enforce.

when it comes to land, taxes are relative to the improved value, ie. whether the land is making an income, if the land doesn't make an income it doesn't get taxed, UNLESS the people vote that the land NEEDS to make an income and so then the tax is for not using the land for its intended purpose.

you'd think this stuff would be simple, but #HenryGeorge wrote #ProgressAndPoverty over 100 years ago and ppl still havent demanded common sense.

Basically #land and #consumption of #luxuryGoods are the things that need to be taxed but somewhere along the line the criminal banking syndicate got control of us.... (1906-1913 if my memory serves).

#incometax #geoism #georgism #landtax

@fruechtchen
#LandTax reform now. Tax 15%-50% of the #rentalValue of the land depending on how much they own. If a person owns too much #RentalValue, including in #trusts they have two years to sell #land until they are below the threshold, or face #prison time.

Watch how this solves a lot of #inequality issues.

:)

#geoism #georgism #HenryGeorge #progressAndPoverty #book #reading