Georgism
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Georgism, in modern times also called Geoism, and known historically as the single tax movement, is an economic ideology holding that persons should own the value that they produce themselves, while t
Georgist single tax poster published in The Public, a Chicago newspaper (c. 1910–1914)
Henry George, whose writings and advocacy form the basis for Georgism
1914 billboard citing Henry George in Rockford, Illinois
Henry George School of Social Science in New York City
Land value tax
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A land value tax is a levy on the value of land without regard to buildings, personal property and other improvements upon it. Economists favor LVT, arguing it does not cause economic inefficiency, an
Georgism
…valuable urban locations. Georgists argue that taxing economic rent is efficient, fair, and equitable. The main Georgist policy recommendation is a land value tax (LVT), the revenues from which can be used to reduce or eliminate existing taxes (such as on income, trade, or purchases) that are posited to be unfair…
With an LVT, both this abandoned lot and the adjacent buildings would pay the same amount in taxes. This incentivizes the owner of the abandoned lot to either use the land for economic activity or sell it to someone who will.
Anne Robert Jacques Turgot, a leading physiocrat
Henry George in 1865