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> Land value tax This has nothing to do with allocation of land. If you have a land value tax there'll still be property companies with shares and people who a
by verbify 10y ago
> Land value tax
This has nothing to do with allocation of land. If you have a land value tax there'll still be property companies with shares and people who arbitrage them.
> state issuance of money via basic income
Again, nothing to do with arbitrage.
> No income tax. No sales tax or not much of one.
Not sure property tax will match income + sales tax, but again, nothing to do with arbitrage.
Look, I agree there are people with wealth who don't deserve it. But in my opinion, these are people with inherited wealth. Or the people who got wealth through ill-gotten means. Or the people who avoid taxes.
But the people who are in finance? By the time they die they're usually multi-millionaires, not billionaires. And the market as a mechanism is not fundamentally flawed - it just needs careful and judicious regulation.
- branchless 10y agoLand value tax is aimed at suppressing land speculation. I'm not sure why you are contrasting my mentioning LVT to the original topic, as I put that in because the parent poster said, in a very supercilious way: > Can you propose an alternative for capital allocation? Perhaps some magic central planning AI? The system we have is fundamentally flawed.
- infinite8s 10y agoHow do we decide what to build? Or who to give money to to build those things?
- branchless 10y agoThat is not land value tax at all. http://www.landvaluetax.org/what-is-lvt/ http://www.landvaluetax.org/what-is-lvt/