Macro N Cheese

Not all of our listeners are anti-capitalist but it’s safe to say that most of us object to the accumulation of massive wealth solely by virtue of inactive, unproductive ownership. Sitting on idle property is a particularly egregious way of accruing riches, often to the detriment of surrounding communities that are forced to tolerate eyesores in their midst for decades on end. Depreciation has been a windfall for the ruling elite.    Our guests, Joshua Vincent and Rich Nymoen, are proponents of the land value tax, or LVT, associated with 19th-century political economist and journalist Henry George. The term "Georgist philosophy" refers to the economic analysis and social philosophy he advanced.    Neither Josh nor Rich promote the confiscation of property. Value is derived by different means:    ...it's the rental value, not the actual land itself that belongs to the community. And most of that wealth is publicly created, is community-created. If you look at a city, almost all o