Editing Joseph Stiglitz (section)

===Land value tax (Georgism)===
Stiglitz argues that [[land value tax]] would improve the efficiency and equity of agricultural economies. Stiglitz believes that societies should rely on a generalized [[Georgism|Henry George principle]] to finance public goods, protect natural resources, improve land use, and reduce the burden of rents and taxes on the poor while increasing productive capital formation. Stiglitz advocates taxing "natural resource rents at as close to 100 percent as possible" and that a corollary of this principle is that polluters should be taxed for "activities that generate negative externalities."<ref>{{cite journal | last1 = Cleveland | first1 = M. M. | year = 2012 | title = The Economics of Henry George: A Review Essay | journal = American Journal of Economics and Sociology | volume = 71 | issue = 2| pages = 498–511 | doi = 10.1111/j.1536-7150.2012.00832.x |url=http://www.mcleveland.org/publications/Bryson_Henry_George_review_AJES_4-12.pdf }}</ref> Stiglitz therefore asserts that land value taxation is even better than its famous advocate [[Henry George]] thought.<ref>Stiglitz, Joseph; Presentation at a Institute for New Economic Thinking conference on Apr 8, 2015 https://www.youtube.com/watch?v=Fg6UwAQJUVo</ref>