Disagree. Georgism would reduce rents relative to wages even as nominal rents will probably rise due to the removal of dead weight loss. This is because of the change of incentives to hoard land and hold properties vacant due to price speculation.
Following Ricardo's 'Law of rents' , this would remove the 'rack rent' element of rents caused by artificial scarcity in the housing market which drive down wages to subsistence levels. Undoubtedly upzoning etc would help acheive optimal use, but LVT would do plenty by itself.
'Georgism doesn’t hurt OR help rents'
Disagree. Georgism would reduce rents relative to wages even as nominal rents will probably rise due to the removal of dead weight loss. This is because of the change of incentives to hoard land and hold properties vacant due to price speculation.
Following Ricardo's 'Law of rents' , this would remove the 'rack rent' element of rents caused by artificial scarcity in the housing market which drive down wages to subsistence levels. Undoubtedly upzoning etc would help acheive optimal use, but LVT would do plenty by itself.