Definitions for georgism
geor·gism

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1. Georgismnoun

   an economic philosophy that things found in nature, most importantly land, belongs equally to all. It is usually associated with the idea of a single tax on the value of land.

2. Etymology: From the writings of Henry George.

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1. Georgism

   Georgism, also called in modern times Geoism, and known historically as the single tax movement, is an economic ideology holding that, although people should own the value they produce themselves, the economic rent derived from land—including from all natural resources, the commons, and urban locations—should belong equally to all members of society. Developed from the writings of American economist and social reformer Henry George, the Georgist paradigm seeks solutions to social and ecological problems, based on principles of land rights and public finance which attempt to integrate economic efficiency with social justice.Georgism is concerned with the distribution of economic rent caused by land ownership, natural monopolies, pollution rights, and control of the commons, including title of ownership for natural resources and other contrived privileges (e.g. intellectual property). Any natural resource which is inherently limited in supply can generate economic rent, but the classical and most significant example of land monopoly involves the extraction of common ground rent from valuable urban locations. Georgists argue that taxing economic rent is efficient, fair and equitable. The main Georgist policy recommendation is a tax assessed on land value, arguing that revenues from a land value tax (LVT) can be used to reduce or eliminate existing taxes (such as on income, trade, or purchases) that are unfair and inefficient. Some Georgists also advocate for the return of surplus public revenue to the people by means of a basic income or citizen's dividend. The concept of gaining public revenues mainly from land and natural resource privileges was widely popularized by Henry George through his first book, Progress and Poverty (1879). The philosophical basis of Georgism draws on earlier thinkers such as John Locke, Baruch Spinoza and Thomas Paine. Economists from Adam Smith and David Ricardo, to Milton Friedman and Joseph Stiglitz, have observed that a public levy on land value does not cause economic inefficiency, unlike other taxes. A land value tax also has progressive tax effects. Advocates of land value taxes argue that they would reduce economic inequality, increase economic efficiency, remove incentives to under-utilize urban land and reduce property speculation.Georgist ideas were popular and influential during the late 19th and early 20th century. Political parties, institutions and communities were founded based on Georgist principles during that time. Early devotees of Henry George's economic philosophy were often termed Single Taxers for their political goal of raising public revenue mainly or only from a land value tax, although Georgists endorsed multiple forms of rent capture (e.g. seigniorage) as legitimate. The term Georgism was invented later, and some prefer the term geoism as more generic.

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1. Georgism

   Georgism is an economic philosophy and ideology which holds that people own what they create, but that things found in nature, most importantly land, belong equally to all. The Georgist philosophy is based on the writings of the economist Henry George, and is usually associated with the idea of a single tax on the value of land. Georgists argue that a tax on land value is economically efficient, fair, and equitable; and that it can generate sufficient revenue so that other taxes, which are less fair and efficient, can be reduced or eliminated. A tax on land value has been described by many as a progressive tax, since it would be paid primarily by the wealthy, and would reduce economic inequality.

How to pronounce georgism?

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Numerology

1. Chaldean Numerology

   The numerical value of georgism in Chaldean Numerology is: 1

2. Pythagorean Numerology

   The numerical value of georgism in Pythagorean Numerology is: 3

References

1. ^ Wiktionary
   https://en.wiktionary.org/wiki/Georgism
2. ^ Wikipedia
   https://en.wikipedia.org/wiki/Georgism
3. ^ Wikidata
   https://www.wikidata.org/w/index.php?search=georgism