points by sagarm 1 day ago | 0 comments
Are you trying to argue that finance, insurance, healthcare, tech, utilities, and mining don't produce anything? That's a pretty out there opinion.
Georgism calls out land because the supply is essentially fixed, so there's no economic cost to taxing it. In addition the value of it collectively created.
Every industry you named above absolutely responds to price signals.
It's not that they don't produce anything of value, just that these industries in particular are primarily extractive and rent-seeking; companies are able to use their "moats" to resist competitive down pressures.
The problem with Georgism is that it is short-sighted. There is no economic cost to taxing rent extraction; billionaires fund Georgist narratives because it distracts from their own rent extraction.
> Every industry you named above absolutely responds to price signals.
As does land, what's your point?