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Business|The ‘Georgists’ Are Out There, and They Want to Tax Your Land

https://www.nytimes.com/2023/11/12/business/georgism-land-tax-housing.html
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Tens of thousands of properties in Detroit sit unoccupied, many owned by
absentee landlords and corporations.Credit...Nic Antaya for The New York Times


THE ‘GEORGISTS’ ARE OUT THERE, AND THEY WANT TO TAX YOUR LAND

Amid a crisis in affordable housing, the century-old ideas of Henry George have
gained a new currency.

Tens of thousands of properties in Detroit sit unoccupied, many owned by
absentee landlords and corporations.Credit...Nic Antaya for The New York Times

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By Conor Dougherty

 * Nov. 12, 2023

When Mayor Mike Duggan talks about his accomplishments in Detroit, the list is
both impressive and sad. He had the streetlights turned back on, and reopened
closed parks. In the decade since he took office, the city has demolished some
25,000 blighted homes whose rusty debris and incubation of crime drag down
neighborhoods.

The progress would be even greater, the mayor argues, if the city hadn’t been
smothered by speculation. In the years after the Great Recession, tens of
thousands of Detroit properties were bought by absentee landlords and faceless
LLCs. The owners are so negligent and hard to find that the city mows their
lawns without asking.

Mr. Duggan gets angry discussing the subject. In speeches and community
meetings, he paints a stark, moralized contrast between the businesses that
invest in jobs and the sit-and-wait landowners whose paydays rely on others’
efforts.

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Conor Dougherty is an economics reporter and the author of “Golden Gates:
Fighting for Housing in America.” His work focuses on the West Coast, real
estate and wage stagnation among U.S. workers. More about Conor Dougherty

A version of this article appears in print on Nov. 12, 2023, Section BU, Page 6
of the New York edition with the headline: A Proposal To Fix Housing That
Already Inspired a Cult. Order Reprints | Today’s Paper | Subscribe
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