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Lars Doucet revisits his influential 2021 ACX book review on Georgism five years later, updating his thinking on land value tax implementation based on practical policy work and recent legislative wins in multiple states.
Longer summary
Lars Doucet reflects on his influential ACX book review of Henry George's *Progress and Poverty* five years later, discussing what he's learned about land value tax (LVT) implementation, what he was right and wrong about, and the significant legislative momentum LVT has gained. He covers practical lessons from working full-time on LVT advocacy, updates on the three main objections to Georgism (whether land is economically significant, whether LVT gets passed to tenants, and whether land can be accurately assessed), and shares how South Korea provides a compelling proof-of-concept for national land valuation. The post also touches on his personal tragedy losing his son and how he came to lead the Center for Land Economics.
Shorter summary
Henry George's 'Progress and Poverty' argues that private land ownership and rent cause persistent poverty, and proposes a land value tax as a solution.
Longer summary
This review examines Henry George's book 'Progress and Poverty', which argues that poverty persists alongside economic progress due to private land ownership and rent-seeking. George proposes a land value tax as a solution to eliminate speculation, encourage efficient land use, and fund public goods. The review covers George's theories on wages, capital, rent, and criticisms of prevailing economic ideas like Malthusianism.
Shorter summary