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Notes -
Both Georgism and the graduated/progressive income tax are methods of taxing proxies for economic activity; both introduce artifacts and market distortions, and both have unwanted ancillary effects on freedom.
I would much rather directly tax economic activity, dimes on the dollar, and give everyone a universal dividend on that activity in place of a tax refund to cover the necessities of life.
In the process:
It would decouple revenue from labor, protecting government funding from the coming automationpocalypse.
It protects freedom because only new goods are taxed, only the first time something goes from being an object of commerce to private property; it can never be taxed again, even if refurbished, rebuilt, and resold. Thrift stores and secondhand stores would be tax free.
It cleans up the various market distortions all the subsidies and loopholes of the income tax have introduced over the years.
Even used homes become immune from being taxed, taking the government out of the speculation game.
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