Since location/land is a Commons, the Georgist principle that those who have the privilege of exclusive use of it should compensate those they exclude is pretty much unanswerable IMHO.
Private investment in the location should not be taxed on the other hand.
The same applies to intellectual property (ie the Creative Commons) as well: I would impose a levy on the gross revenues accruing from it. There are also energy Commons. "Any economic unit can emit money. The serious problem is to get it accepted" Hyman Minsky
For that reason use of the physical commons normally requires exclusivity, but not so use of the creative commons. En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma
Collective IQ includes the ability to make and build useful stuff. It also includes the ability to do the right thing when planning for the future.
Non-Georgist approaches don't just steal value, they also diminish collective IQ by making intelligent foresight less likely.
