Originally Posted by unrealist42
There is a difference between deficit and debt. Incurring a mortgage or car loan debt is not unreasonable, provided you don't continuously operate at a deficit. If you do... you go bankrupt.
Henry George's theories were based on land ownership and how far a business was from a public resource like a mill or waterway. The man lived and died a decade before the model T was produced much less modern transportation and communication. Not only did Henry George never hear of the Internet, he barely lived long enough to see the electric light. Applying the theories of Henry George to modern nations is about as risky as letting the most brilliant caveman design your next airport.