[larnmar]

Cynically, the difference is that they don’t own much and other people do. If you’re a 19th century new-money factory owner [] looking enviously at all those old-money landed aristocrats it’s easy to see why you’d be able to persuade yourself that actually it’s assets you don’t* own rather than assets you do that should be taxed.

(Or a ruined old-money aristocrat turned novelist. Or a 21st century San Francisco tech bro who has just realised that he’ll never be able to afford a house.)

[curuinor]

Georgism had far too much popularity in its day to be a specialty economic point of view, although it is nowadays. Two years after its publication, _Progress and Poverty_ was the second most bought book in the US, after the Bible.