Hyper georgism: How Recovering “Rent” Hikes Investment in Capital
|December 5, 2013||Posted by Jeffery J. Smith under Editorials|
We prove that taxing the rent is welfare-enhancing since it increases capital investment. This holds for any tax level and any recycling of the tax revenues except for combinations of high taxes and strongly redistributive recycling. Specific forms of redistribution of the land rent tax — a capital subsidy or a transfer directed at fundless newborns — allow to reproduce the social optimum under parameter restrictions valid for most economies.
Ed. Notes: While academics won’t win any Pulitzers for their prose (tho’ you got to love their neologism “hyper georgism”), it is good to see people who get paid to contemplate geonomic proposals do think they are good ideas.
Our editor published The Geonomist which won a Californian GreenLight Award, has appeared in both the popular press (e.g., TruthOut) and academic journals (e.g., USC’s Planning and Markets), been interviewed on radio and TV, lobbied officials, testified before the Russian Duma, conducted research (e.g., for Portland’s mass transit agency), and recruited activists and academics to the Forum on Geonomics. A member of the International Society for Ecological Economics and of Mensa, he lives in America’s Pacific Northwest.