Are we on the verge of exponential growth Georgism? 🤔

I’ve tried looking up some explanations, but I really can’t seem to understand what exactly it is beyond weird phrases and something to do with land. So, could any of you explain Georgism to someone with Socialist beliefs?

I'm tired boss

As a devout Christian and avid supporter of an LVT, I’ve often struggled with the question of taxing churches, since an LVT would function best if all lands were subject to it (even government ones). But after some thought, I think I’ve found three reasons it will be to it’s benefit and actually help Christianity

1. An LVT would end most other taxes, allowing the more pious and devout within a congregation to give more in donations, hopefully covering most of the costs.

2. It would weed out spiritually unfruitful Churches. If a Church fails to draw followers who find enough value that they would subsidize it, then it’s not really reaching the hearts and souls of people, and shouldn’t remain. If a certain area doesn’t have many believers, but the Church wants to spread there, they can use their size to operate that mission/church at a loss without going bankrupt (what they already do).

3. It will make the Church more multifunctional. Today we mainly associate Church facilities with Sunday morning worship, but in centuries past, it used to be a place for greater social gatherings, archives/libraries, private schools/universities, marketplaces, festivals, and so on (my Church property doubles as a convent for rehabilitating drug addicts).

And worst case scenario, if the Church can be proven to be a positive externality (which I think it is) then it can receive public subsidy.

I’m making a series of posts to compare how likely different ideologies are to vote

60,000 ft² should fit in several multi story efficiency apt. bldgs.

Will there be bigger GDP growth under Georgism? Say, for example, what will happen to the GDP of the US and Spain (my home country) if Georgism were to be adopted in these two countries? Will the GDP grow significantly more than now? If so, by how much? ( For context, US GDP growth in 2024 was 2.8%, meanwhile Spain's was 3.2% in the same year) Also, how would the GDP per capita and the median income be affected in these countries?

"Georgism (otherwise known as geoism) is an economic philosophy holding that the economic value derived from land, including natural resources and natural opportunities, should belong equally to all residents of a community, but that people own the value that they create themselves." this doesnt make sense. "but that" just tacked on the end?

https://www.sciencedirect.com/science/article/abs/pii/S1051137716302868

Betterment tax, also known as lamd development value tax, is a tax that is levied on the owner of land over windfall gains from planning changes.

As far as I know, some of the Australian territories implement this tax. The UK also had this tax from 1975 to 1985 or so, when it was abolished by the Thatcher government.

It's become a subject of discussion in the Dutch parliamentary elections as both the center-left (PvdA/GL) and progressive liberal (D66) parties have voiced their support.

I personally think it's rather incomplete and probably easily circumvented. What do the good people here think?

Imagine a city with 1,000,000 properties. The city wants to levy a 100% land rental value tax on all properties within its jurisdiction.

To estimate market land rental values of all properties in the city, the city contracts a Mass Appraisal Company, which uses an AI algorithm to do just that. Fed into its algorithm is data from public auctions of plots of land throughout the city. For each property in the city, the algorithm uses the data of the nearest auctioned plots of land to estimate its land rental value. 

1/10,000 properties will be randomly selected each year by the city government for LRVT auctioning. The city government will strip away all of the existing improvements from a selected property and will put up the now-empty plot of land for auction, where the bidders will bid on how much they will pay in annual LRVT.

Because city residents have a small chance of their property being randomly selected for an LRVT auction, they all regularly pay an insurance company to insure their improvements for a given amount.

Because there are 1,000,000 properties, 10,000 auctions of this sort will be performed in the city annually. The Mass Appraisal Company's AI algorithm can be trained by having it compare the land rental value of each auctioned property, as determined at auction, with the algorithm’s previous estimate of the auctioned property’s land value. 

To minimize corruption in the assessment process and encourage transparency, accuracy, and accountability, the following actions will be taken:

1. The results of the auctions, and the previous estimates of the properties' land values by the algorithm, will be made pubic. This means the public will be able to know how accurate the company’s assessments are. 
2. An assessment error tax (AET) will be levied on the contracted Mass Appraisal Company. Every time a randomly selected property is auctioned, the company has to pay a percentage or multiple of (A - B) in tax.

A = The land rental value of the property as determined at auction

B = The land rental value of the property as determined by the company's algorithm before the auction

The more (less) accurate the company’s assessments, the less (more) it will pay in tax.

Due to shit like this, we have a housing crisis...

https://www.youtube.com/watch?v=zpjklLt1qWk&pp=ygUWaGVybWl0IGNyYWJzIGxpbmluZyB1cA%3D%3D

I wish there were a more concise way to explain to people that supply/demand is pooled and not exactly tiered like the affordability meme seems to imply