Lars Doucet examines whether landlords can pass Land Value Tax on to tenants, concluding that empirical evidence supports they cannot. Longer summary

This article, written by Lars Doucet, is the second part of a series examining the empirical basis for Georgism. It focuses on the question of whether landlords can pass Land Value Tax (LVT) on to tenants. The article presents both theoretical arguments and empirical evidence, primarily from a 2017 Danish study, to support the claim that LVT cannot be passed on to tenants. It also reviews and critiques opposing viewpoints, ultimately concluding that the evidence strongly supports the full capitalization of LVT into land prices, meaning landlords bear the cost of the tax. Shorter summary

Scott Alexander reviews Trump's 'The Art of the Deal', finding it mostly autobiographical with little useful business advice, and revealing Trump's deal-focused worldview. Longer summary

Scott Alexander reviews Donald Trump's 1988 book 'The Art of the Deal'. The review notes that while the book promises business advice, only a small portion actually contains such advice, which is vague and not particularly useful. The bulk of the book is an autobiography focused on Trump's real estate deals. Alexander observes that Trump's approach to business is less about changing systems and more about gaming existing ones through coordination, often involving strategic deception. The review highlights Trump's focus on hiring the best people and knowing the right connections, which Alexander sees as potentially explaining Trump's approach to politics. Overall, Alexander portrays Trump as having a narrow, deal-focused worldview that, while alien to the reviewer, has proven successful. Shorter summary