10 Comments
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Peter's avatar

gotta learn korean.

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Stephen Hoskins's avatar

Phonetically, I think this is enough to survive: 베이스트 앤드 랜드필드

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Aidan Todd's avatar

Their alphabet is beautiful. One of the simplest and beautifully designed systems in the world.

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Auros's avatar

It's pretty neat. A syllabary constructed from an underlying phonetic alphabet.

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Matthew Huggett's avatar

As painful as it is to say, it would probably be better if Georgism wasn’t tied too closely to the nation demographically charging off a cliff. It will be so easy to fools to tie the collapsing economy to the tax system.

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Soo's avatar

It would be even better if Georgism had already succeeded in the 20th century... this is no time to turn away allies

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Auros's avatar

Although if they get a housing boom, that might actually help encourage household formation and having kids.

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Matthew Huggett's avatar

It would definitely help but in the same way that closing the barn door helps when the horses bolted decades ago.

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clay shentrup's avatar

The idea that lvt discourages speculation is just an insane myth that refuses to die. By definition, lvt can't change your incentives.

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Aidan Todd's avatar

What's interesting is that property taxes are quite a significant portion of revenue, yet house prices are a major problem.

I thought generally, Georgists' second favourite tax was the property tax.

The primary advantage an LVT has over a property tax is incentivising high density housing construction.

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