[alexb_]

No, land rights (NOT property rights, you should be entitled to all of the value you produce) should be determined by a market system. I'm fine with her keeping that multi-million dollar plot of land for herself, but only if she actually pays society for everything being taken away.

A tax on the value of land - something people didn't produce, but comes from the value of society - is the proper way to raise income. You get rid of speculative leeches like this.

[arwineap]

Even if we pretend for a moment that georgism is possible, works, and was magically implemented tomorrow

You still can't build on the wrong plot and sell it.

[jonfw]

If georgism was implemented here, then the value of the lot would have increased very significantly with a house was on it. With the significant additional value, it's likely that the two parties would have been able to come to an arrangement that didn't result in destroying the house.

The root of the problem here is that the house is worth peanuts compared to the land, so the homeowner has nothing to gain from bargaining with the developer. We end up destroying something of value (housing) in the name of speculative land investment, which is a shame

[arwineap]

In today's world, the value of the lot increased significantly when the house was built.

The owner certainly could have sold that property with the house on it, and bought a much nicer empty lot.

That is not however what the existing owner wanted to build on the property, and as a result the building is damage to the property

And why should the landowner here bargain with the developer? The developer did not perform basic due diligence on easily a 200k+ investment

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That being said, georgism plays right into this issue without the developers negligence. With LVT any land with improvements that is not determined to be it's highest and best use will be bulldozed and replaced, which is also a shame.

[francisofascii]

Yeah, true. But if Georgism was in place I would think you would have less people owning prime property but living 2000 miles away and completely unaware what is happening on the land.

[michael_vo]

I would disagree with the leech characterization. In an interview I watched, she talked about how she chose the property based on astrological alignment and her feelings when she was on this plot. She may be irrational but I think that's a perfectly valid reason to want to keep your own plot of land.

[toolz]

I don't think any idea that puts more responsibility on centralized government is destined for great success until there are stronger movements to force the governments in question to behave pro-socially. As it stands in the U.S. the federal government spends much more than the biggest 50 companies in the world combined and the benefits we see from that are disgustingly small.

I would love to see people find ways to make centralized government a value add in our lives, but as it stands there are too many people who want to continue to pile onto there responsibility regardless of the outcomes.