Isegoria: If those numbers looked off by three orders of magnitude, there’s a reason: This post has been updated. Due to an error in the BEA paper, figures for the per-acre value of states were incorrect by a factor of 1,000. As a result, a previous version of the chart, “Sea to Shining Sea,” showed incorrect figures for the total value of land per state and the per-acre value. (Mindlessly cutting and pasting them was still my fault though.)
Isegoria: Land taxes do depress land values and do not increase rents.
James James: Remember that things like income tax depress land values. In a Georgist state with no other taxes, rents would go up and land would be worth much more. The state would still collect as much tax as it does now, but all from land.
James James: I’d say off by three orders of magnitude. In central London it can get up to £100m/acre.
Borepatch: This can’t be right. $1000/acre in Washington D.C.? I remember in the 1980s, Columbia MD (just up the road from D.C.) was ~ $100,000/acre. Columbia is pretty nice, but it can’t be as expensive as Foggy Bottom. As to $10/acre general cost, undeveloped woodland in *very* rural Georgia is going for 50 times that. The numbers seem off by maybe two orders of magnitude.
Alrenous: Derp. The actual trigger is the belief the event is preventable. Traffic fatalities are ‘accidents.’ They just happen, you accept them if they do. Kidnappings or terrorism are agent-caused. Agents can be influenced, unlike Lady Luck. Since hobbits don’t have ‘low probability’ only ‘zero’ and ‘moderate,’ they think there’s a moderate chance of kidnapping, which they can prevent. They go into a death spiral, looking for feedback that the...
Alrenous: “I need certainty that this thing won’t happen!” “You can’t have certainty.” “PC LOAD LETTER” As a leader your options are to assure them, which means you’ll lose most of your authority if the thing does happen, or to not assure them, meaning they go into self-amplifying hysterics. Apparently we’ve gone with option B.
Bill: I’d also like to point out what we miss in not giving our children the absolute freedom that I had in childhood. As an 8 year-old, I could go where I wanted and had complete control over my time (as long as I was back by dinner, of course!). I’d meet with my friends at a local park, and we organized all of our own activities. We never participated in stuff that was organized by adults; no coaches yelling at us, no scoutmasters telling us the rules, no parents driving us here and there,...
Bill: I like both of the items listed, but I’d add one. I can’t remember the book, but Dick Cheney made a big deal about how outcomes that are extremely unlikely (1%… 1/10 of 1%…1/100 of 1%) were still too horrific to even contemplate, and if we had to give up all of our freedom and political liberty, and go deep into debt, we had to do it. We’ve really lost our perspective. 9/11 was terrible; 3,000 people died. But yet 3,000 people die EVERY MONTH on American roads, men,...
James James: That would make a good movie. Coming 2016?