The Georgist School

The Georgist School, founded by economist Henry George in the late 19th century, advocates for the idea that land is a common heritage and should belong to everyone. It emphasizes that while individuals should own what they produce, the value generated by land—due to its location and community development—should be taxed. This tax system aims to reduce inequality and encourage efficient land use, while eliminating other forms of taxation that can hinder economic activity. Georgists believe this approach can lead to a fairer society and sustainable economic growth.