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I like Georgism, but I don't think it should be limited to just LVT. I think ownership of all natural resources (especially scarce ones) should be taxed at an aggressively progressive rate. Own one oil well? Cool. Own enough oil wells to supply the entirety of the Allied Forces throughout the duration of the European Theater in World War 2? Meh.

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What if your only relationship with land is that you rent an apartment, but from that apartment you build a $10M/year revenue social network? How should that be taxed? Should it at all?

That would be income tax

I believe they described a system in which only natural resources are taxed. That's how I read "Georgeism but applied to all natural resources, not just land value". Income is not a natural resource which is why I asked them how they think it should be taxed, if at all.

I meant to suggest Georgeist natural resources taxes as an alternative to the current property tax scheme.

I'm not sure strict Georgeist policies hold up in a world where so much value is created digitally. It creates the perverse incentive to focus only on digital value creation rather than physical, and that's how you end up with a fragile or lopsided economy based solely on financialization (U.K.) or advertising (U.S.A.).

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