[sooheon]

Georgism is a pigovian tax on individual land ownership and rent collection. It would reduce or remove taxes arising from labor or capital entrepreneurship, and purely tax the zero-value-add rent collected by the "landed gentry".

Actual percentages and dollar amounts is impossible to give in general, but the basic idea is that returns to pure ownership of land (without improvements) should approach zero. This should eliminate the risk-free speculative ownership of empty lots downtown that are just waiting to cash out on rising land prices due to improvements made by other capitalists and collected taxes.