Georgism in the context of "Land value tax"

Poverty reduction, poverty relief, or poverty alleviation is a set of measures, both economic and humanitarian, that are intended to permanently lift people out of poverty. Measures, like those promoted by Henry George in his economics classic Progress and Poverty, are those that raise, or are intended to raise, ways of enabling the poor to create wealth for themselves as a conduit of ending poverty forever. In modern times, various economists within the Georgism movement propose measures like the land value tax to enhance access to the natural world for all.

Poverty occurs in both developing countries and developed countries. While poverty is much more widespread in developing countries, both types of countries undertake poverty reduction measures.

Henry George (September 2, 1839 – October 29, 1897) was an American political economist, social philosopher and journalist. His writing was immensely popular in 19th-century America and sparked several reform movements of the Progressive Era. He inspired the economic philosophy known as Georgism, the belief that people should own the value they produce themselves, but that the economic value of land (including natural resources) should belong equally to all members of society. George famously argued that a single tax on land values would create a more productive and just society.

His most famous work, Progress and Poverty (1879), sold millions of copies worldwide. The treatise investigates the paradox of increasing inequality and poverty amid economic and technological progress, the business cycle with its cyclic nature of industrialized economies, and the use of rent capture such as land value taxation and other anti-monopoly reforms as a remedy for these and other social problems. Other works by George defended free trade, the secret ballot, free (at marginal cost) public utilities/transportation provided by the capture of their resulting land rent uplift, Pigouvian taxation, and public ownership of other natural monopolies.

Progress and Poverty: An Inquiry into the Cause of Industrial Depressions and of Increase of Want with Increase of Wealth: The Remedy is an 1879 book by social theorist and economist Henry George. It is a treatise on the questions of why poverty accompanies economic and technological progress and why economies exhibit a tendency toward cyclical boom and bust. George uses history and deductive logic to argue for a logical solution focusing on the capture of economic rent from natural resources and land titles.

Progress and Poverty, George's first book, sold several million copies, becoming one of the highest selling books of the late 1800s.It helped spark the Progressive Era and a worldwide social reform movement around an ideology now known as Georgism. Jacob Riis, for example, explicitly marks the beginning of the Progressive Era awakening as 1879 because of the date of this publication. The Princeton historian Eric F. Goldman wrote this about the influence of Progress and Poverty:

Resurrection (pre-reform Russian: Воскресеніе; post-reform Russian: Воскресение, romanized: Voskreséniye, also translated as The Awakening), first published in December 1899, was the last novel written by Leo Tolstoy. The book is the final of his major long fiction works published in his lifetime. Tolstoy intended the novel as a panoramic view of Russia at the end of the 19th century from the highest to the lowest levels of society and as an exposition of the injustice of man-made laws and the hypocrisy of the institutionalized church. The novel also explores the economic philosophy of Georgism, of which Tolstoy had become a very strong advocate towards the end of his life, and explains the theory in detail. The publication of Resurrection led to Tolstoy's excommunication by the Holy Synod from the Russian Orthodox Church in 1901.

Tax reform is the process of changing the way taxes are collected or managed by the government and is usually undertaken to improve tax administration or to provide economic or social benefits. Tax reform can include reducing the level of taxation of all people by the government, making the tax system more progressive or less progressive, or simplifying the tax system and making the system more understandable or more accountable.

Numerous organizations have been set up to reform tax systems worldwide, often with the intent to reform income taxes or value added taxes into something considered more economically liberal. Other reforms propose tax systems that attempt to deal with externalities. Such reforms are sometimes proposed to be revenue-neutral, for example in revenue neutrality of the FairTax, meaning they ought not result in more tax or less being collected. Georgism claims that various forms of land tax can both deal with externalities and improve productivity.