The atmosphere is an absolutely scarce resource that commands an economic rent, similar to land, making it crucial to distribute the costs of climate change equitably among present and future generations.
Georgist principles suggest that natural resource rents, like those from emissions rights, should be shared equally among all members of the community, rather than favoring those who first utilized the resource.
Implementing a Georgist cap-and-trade system for emissions rights could achieve a fair distribution globally, ensuring that everyone has equal access to the atmosphere while transitioning to a more sustainable future.
Tax exemptions can lead to resource misallocation and absurd litigation
Land rent collected by the State can fund public services effectively
Certain categories of land, like public land, endowment land of universities, and land used by separate autonomies, should be exempt from Land Value Tax
Georgists scrutinize speculative investing in land, seeing land rent as unearned income.
Groundly's offer of buying just-the-house and renting the land may seem affordable upfront but comes with hidden costs and responsibilities.
Traditional lenders like Fannie Mae and Freddie Mac may have challenges financing Groundly-type leasebacks, raising concerns about the viability of the business model.