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by TimPC 1405 days ago
If you switch to Georgism without fixing zoning it ends up worse not better. Zoning my land as suitable for a high-rise can destroy the entire value of my home because it becomes an unusable structure due to the higher rates of tax. At the same time zoning my land for high-rise causes the value to go up and that results in a massive tax increase that eliminates any price gain for my land. Since I so firmly don't want my land to be upzoned I become a NIMBY and compromise with my neighbors to also protect their land from upzoning. We all elect politicians that oppose all upzoning. Some Georgists argue that I'm supposed to want my neighbors upzoned because it raises my CD but they seem to have not done the math because if you're applying the CD over the entire US then upzoning a single neighbor raises my CD by fractions of a cent which I care so little about that it doesn't change the incentives for this political alliance.