Consider an empty lot on which you can build either a garbage dump or a theme park, each of equivalent economic value.
I have a problem imagining a situation where this would make economical sense. Theme parks profit from “there are many people around” way more than garbage dumps do, so it feels unlikely that the same place would be the economically correct choice for both.
Also, in general I think that many of your objections can be solved by taxing the land value less than 100%, which I think is what most Georgists want.
I have a problem imagining a situation where this would make economical sense. Theme parks profit from “there are many people around” way more than garbage dumps do, so it feels unlikely that the same place would be the economically correct choice for both.
Also, in general I think that many of your objections can be solved by taxing the land value less than 100%, which I think is what most Georgists want.