Pat Gunning writes:

if you take the 
> entrepreneur point of view, you presume that 
> all wealth in a pure market economy is the 
> result of either entrepreneur action or luck.

>This is as true of land, space, and other 
>Georgian sources of so-called unearned wealth


The distributive question is not whether land is productive, marginally or
otherwise. It is. The question is whether the land OWNER per se is
productive. She isn't, except in marginal and incidental ways. That is why
people buy land as an easy place to park their money where it keeps with
minimal care, and usually grows.

Of course they can err, and lose money, but that is not productive, either.

Mason Gaffney