I understand that Georgism was a major economic idea in the late 19th century. The idea of a simple land-value tax and basic income derived from an equitable distribution of natural resource exploitation seem to be great ideas solving many of the challenges faced in other economic systems. Also, Progress and Poverty was one of the most popular books on economics in the late 19th century.

Why has this seemingly great concept lost popularity? My speculations is that it either does not benefit the ruling elites (so, politics) or that, more plausibly, the idea of basic income derived from natural resources was calculated to be unsustainable amid the population growth of the turn of the century.

I understand that Georgism was a major economic idea in the late 19th century. The idea of a simple land-value tax and basic income derived from an equitable distribution of natural resource exploitation seem to be great ideas solving many of the challenges faced in other economic systems. Also, Progress and Poverty was one of the most popular books on economics in the late 19th century.

Why has this seemingly great concept lost popularity? My speculations is that it either does not benefit the ruling elites (so, politics) or that, more plausibly, the idea of basic income derived from natural resources was calculated to be unsustainable amid the population growth of the turn of the century.