Industrialists

Henry George's ideas made sense to a number of industrialists

John Lincoln

Robert Schalkenbach

Joseph Fels

Tom Johnson

Fred E. Foldvary — The Ultimate Tax Reform: Public Revenue from Land Rent

Land value taxation would shift economic power back to state and local governments. Land is suited to local taxation because — unlike enterprise, capital, and labor — it cannot be moved. Land is also the logical source of local public finance because it does not burden enterprise, so that entrepreneurs don’t even want to run from it. Indeed, entrepreneurs welcome a shift to land value taxation, not only because their economic profits are not taxed if all taxation is on land values, but also because land value taxation reduces the price of land, so they do not need to borrow so much when they invest funds in an enterprise. ... read the whole document