Original appropriation creates perpetual property right
Rent would not be a problem if all state owned land were homesteadable.
Some places (countries conquered and run under latifundia) may require some kind of one off redistribution of historically dubiously acquired land.
Land indistinguishable from other types of property.
A properly free market will solve any other problems related to scarcity
But propty owners are not entitled to the value of their property, just its utility
Criticisms
Does not recognise the fundamental importance of rent in exploitation
Proviso Lockean
Georgists
Henry George himself
Albert Jay Nock
Frank Chodorov?
UK Liberal Party
Lloyd George
Churchill
JS Mill
Original appropriation (mixing one's labour) creates property right
BUT: "leaving as much, and as good, for others" So called Lockean Proviso (Robert Nozick)
Land belongs to mankind in common
Rent arises only when Lockean Proviso is broken - I.e when more people want to be in a particular place than there is additional land available for them
Rent therefore is created by the "community" through agglomeration and should be collected by that community.
Rent is also created because of infrastructure spending. Therefore collected rent should finance such public goods or, if these are privately provided, returned as citizen's dividend.
Criticisms
Essentially denies private property
Rothbardians dismiss it as communism because of fundamental importance of land as the first appropriated scarce good
Possession and use
Individualist anarchists/mutualists
Pierre Joseph Proudhon
Benjamin Tucker
Absentee landlordism creates unfair rent and is inherently a state created privilege.
Absent this state privilege rent would all but disappear, except for rent caused by advantages such as soil fertility
Access to cheap capital once the money monopoly was abolished would also reduce rent to around the cost of "free money"
Real property becomes abandoned when owner no longer occupies it.
Criticisms
Rothbardians say that "abandonment" by not occupying land could be applied to other property and makes this a thieve's charter.
Georgists say that it still does not recognise rent's all pervasive nature.
Rent
Where does it come from?
Land attracts rent as soon as it is scarce. When there are more people needing land than is available and homesteadable within the "margin of production".
BUT the "margin of production" also approximates the extent of agglomeration benefits. So everyone inside that area "benefits" each other.
Thus scarcity of land is actually necessary under division of labour
Infrastructure also creates rent, unless the costs of the infrastructure are fully recovered separately e.g. Through user fees etc.