Part 5/11:
As an alternative to GDP, some economists have proposed revisiting ideas from the 19th century, particularly Henry George’s concept of Land Value Tax (LVT). In his influential 1879 book Progress and Poverty, George argued that most taxes tend to stifle productivity—imposing high taxes on labor or capital discourages investment and work. Instead, he championed a single tax on the unimproved land value, which is the land's worth before any buildings or improvements are made.