jlou

@jlou@mastodon.social

#liberal #anticapitalism

An #EconomicDemocracy is a market economy where most firms are structured as #WorkerCoops.

#liberalism
#coops #cooperatives

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jlou, (edited )

Some Georgists don't believe in ownership of labor because that inherently implies property rights in people. These Georgists recognize the same labor theory of property, which provides an ethical justification for common ownership of land and natural resources, also provides a critique of capitalist property relations and an argument for an inalienable right to workplace democracy.
See: https://www.ellerman.org/rethinking-common-vs-private-property/

jlou, (edited )

Private ownership of labor implies the ability to alienate and transfer it for present or future benefits. Such a procedure is not possible because labor is de facto non-transferable. People can have private ownership over the products of labor, but they cannot own their labor because labor is inalienably theirs

jlou,

Land value tax is progressive. Due to land's inelastic supply, this tax cannot be passed on to others. People that own lots of land bear the entire burden of the tax. Charging for unimproved land value encourages building denser on more valuable land. This increases housing supply thus making housing more affordable

LVT is 1 policy. It can be combined with other policies. LVT is not an avoidable tax

jlou,

It meets the definition of a progressive tax.

The broader Georgist program involves aggressive taxation of government-granted monopolies like IP, which both Musk and Bezos are indirectly beneficiaries of.

LVT is 1 policy meant to solve 1 problem. It can be combined with other policies that address other problems.

The labor theory of property, a negative application of which provides a moral rationale for LVT, also provides a justification for an inalienable right to worker democracy

jlou,

LVT taxing the empty lot next door at the same rate as a multimillion dollar hotel is exactly what makes it so efficiency enhancing because it give land owners economic incentives to use their land productively rather than just holding it and waiting for it to appreciate in value. With LVT, prices would exclude the value of the land.

LVT can be combined with other policies and taxes. You have to look at the whole package of policies to determine progressivity. LVT+UBI is progressive

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