To the degree that Coca-Cola is harming people, they owe something. Coke likely occupies a very valuable site in Atlanta, and perhaps has O&O bottlers on locally valuable sites, near centers of population, served well by transportation infrastructure that brings ingredients in and finished products to the customers. When communities start collecting the full value of those sites (and stop burdening the buildings and equipment with taxes) who will be harmed?

Should Coca-Cola be taxed on its good will? or for adding to people's satisfaction?

The biggest promoters of Henry George's single tax were business people who saw a way to a more just society in which all could prosper. But there were others -- railroad, steel, other monopolies -- whose continued position depended on keeping their monopolies, and they were less than enthusiastic about the concept.

Who owns the land in the central business district of most cities? Often it is the corporations that use it, but frequently it is trusts of people long dead, whose heirs just keep enjoying the ever-rising land rent. They didn't create the value. The corporations should pay for the value of the land they use; so should the trusts who collect the land rent of our most valuable sites.

And the value of Warren Buffett's holdings might be affected, but the freer market it will create will provide opportunities for all sorts of entrepreneurs to work their business plans.

And recall the data on how concentrated stock ownership is.