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Comment by zozbot234

On the contrary, Georgists would say that if some corporation built Disneyland next door, they have to compensate the local community for their use of that valuable land. Local homeowners have to do the exact same thing, but a single home would pay vastly less tax compared to the much more expansive Disneyland. So even the homeowners would marginally benefit in that scenario. Land is always valued according to the potential highest and best use, so the fact that a Disneyland may or may not have been built in any specific location matters less than one might expect.
parent zozbot234 1 month ago

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