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by psc 3673 days ago
I think the GP is referring more specifically to Henry George Theorem (https://en.wikipedia.org/wiki/Henry_George_theorem). The theorem has pretty solid theoretical backing, so I don't see why it wouldn't apply to basic income. At the very least it's a good question to research.

My understanding is that all owners of would increase the rents/prices of their unimproved land, not just housing landlords. Everywhere you'd move is now more expensive by the same amount, because unimproved land is (mostly) fixed supply.

2 comments

"under certain conditions". There is an enormous amount of unimproved land in the world, and most of it is quite inexpensive.

I do like the idea of a land tax though, and believe that it's a good way to fund BI (along with carbon tax).

Exactly, Henry George is the most prominent theorist who pushed those ideas, and many more have used or expanded on them since.