Whenever i was glancing at the Ny Times webpage now, an article caught my eye: “The latest ‘Georgists’ Is actually Out there, in addition they Must Income tax Their Belongings.” It ought to be plain so you’re able to anyone accustomed my personal writing just what area of the article received me personally inside the, however, whenever i been discovering, I realized that we was somewhat accustomed Georgism.[fn1]
The fresh short sort of Georgism is this: from the late 19th century, Progressive Time political economist and you will writer Henry George penned Advances and Impoverishment. Within his guide, George tried to decide why, towards the monetary and you may technical boom of the Gilded Years, earnings and wide range inequality had been growing, and how to resolve the situation out-of inequality. As part of their provider, the guy recommended a secure well worth taxation (called the latest “single-tax,” a name that, for our intentions, become essential quickly).