Oh, that’s an interesting point: in Georgist system, if you invent a better use of your land, the rational thing to do is shut up, because making it known would increase your tax!
I wonder what would happen in an imperfectly Georgist system, with a 50% or 90% land value tax. Someone smarter than me probably already thought about it.
Also, people can brainstorm about the better use of their neighbor’s land. No one would probably spend money to find out whether there is oil under your house. But cheap ideas like “your house seems like a perfect location to build a restaurant” would happen.
Maybe in Georgist societies people would build huge fences around their land, to discourage neighbors from even thinking about it.
Oh, that’s an interesting point: in Georgist system, if you invent a better use of your land, the rational thing to do is shut up, because making it known would increase your tax!
I wonder what would happen in an imperfectly Georgist system, with a 50% or 90% land value tax. Someone smarter than me probably already thought about it.
Also, people can brainstorm about the better use of their neighbor’s land. No one would probably spend money to find out whether there is oil under your house. But cheap ideas like “your house seems like a perfect location to build a restaurant” would happen.
Maybe in Georgist societies people would build huge fences around their land, to discourage neighbors from even thinking about it.