Dr House wrote:Mainstream liberals, however, would put up a fight on that point, because taxes on unearned wealth are generally regressive, since most are user fees and property taxes (under which category the LVT falls).
LVT, and even property tax, are NOT regressive. Plus, many liberals support ecotaxes, which are about the most mainstream manifestation of Georgist principles. As other taxes, income tax and especially capital gains tax tend to catch some of the rent along with the earned wealth, and in the absence of a Georgist tax structure, are among the best ways to capture rent. Unearned wealth by its nature tends to be concentrated in the hands of the wealthy. Incidentally, unearned wealth is also a central focus of the
social credit movement.
In any case the fact that a great deal of wealth is unearned undermines the libertarian argument against taxation. Given this fact, the question then becomes how best to distribute this wealth. Both liberals and conservatives agree that taxation is necessary to run a functioning government. Liberals simply see it as more fair to have those who have more wealth contribute relatively more of it society, and redistribute it in a way that benefits all of society. Conservatives think that it's best to reduce the burden on the wealthy so they can create more jobs, while having regressive taxes which force the lower classes to save more. Libertarians, meanwhile, bitch about theft while offering idiotic alternatives, if any at all.