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Interesting thread. To me the open question is what to do with Georgism today given its (to me, contingent) origin in laissez-faire land use controls. In modern America, where LU regulation is intense in magnitude and layered in source, how to arrive at a "true" valuation as a tax basis?

Erik Loomis@erikloomis.bsky.social

This Day in Labor History: October 5, 1886. Henry George accepted the nomination of the United Labor Party for the mayor of New York City. Let's talk George's Single Tax and the fight for reform in the Gilded Age!

It's true that municipal assessment bodies already do an imperfect job of assessing value. But that's in a world where their assessments are based on currently existing law. Hard to imagine them building in the possibility of a regime change that would be necessary for a land value tax to work.

"Well, just upzone everything and use a land value tax." Ok, well, that's assuming the politics feasibility of the regime change. Presumably the local homeowners will welcome this change with flowers. There's a reason "LVT will fix this" became a meme.

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