> What prevents the landlord rent seekers from just charging more rent? Wont they all uniformly raise rent, because they are all uniformly having their taxes increased?
The first effect Georgism would have is, more effective utilization of real estate. If you go to any big city, there is simultaneously a shortage of properties while a significant number of vacant properties. This would disincentivize vacant properties, so more supply (or at least more tax collected on vacant properties that the city can use for better purposes).
Also, the reason for making progressive tax larger on larger landlords means renting out a few homes is significantly more economically attractive while beyond a certain number, it is no longer viable, which pins prices down.
The first effect Georgism would have is, more effective utilization of real estate. If you go to any big city, there is simultaneously a shortage of properties while a significant number of vacant properties. This would disincentivize vacant properties, so more supply (or at least more tax collected on vacant properties that the city can use for better purposes).
Also, the reason for making progressive tax larger on larger landlords means renting out a few homes is significantly more economically attractive while beyond a certain number, it is no longer viable, which pins prices down.