Emailed in by BenJamin' from Reddit:
Brokenladder: You go to some financial entity who agrees to pay the LVT in perpetuity in exchange for 1M$ in cash.
green_meklar: I'm not clear on why any financial entity would write up such a contract, or at least be able to actually fulfill it. Where is this perpetual payment coming from?
Brokenladder: Just imagine Bob and Alice start off equally wealthy, and Bob buys some land. The LVT goes into effect and suddenly Bob is much poorer, while Alice is unscathed. This is clearly arbitrary and wrong.
green_meklar: Just imagine Bob and Alice start off equally wealthy, and Bob buys a slave. Then emancipation goes into effect and suddenly Bob is much poorer, while Alice is unscathed. This is clearly arbitrary and wrong.
No it fucking isn't. It was the slavery that was arbitrary and wrong. Bob is just paying the price for his investment in economic injustice. Economic injustice can be incredibly lucrative, but those who invest in it should do so with the full understanding that if society chooses to enforce economic justice in the future, that investment could be lost. It is not up to the rest of us to protect the investments of those who invest in evil. They had their chance.
The thread is very long, Brokenladder rots out on inconsistency after another, contradicting himself several times over to the exasperation of the Georgists who tried to point out his mistakes.
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