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Uh... Keynes never said we should tax people who rent their homes out of existence. That idea is quite nonsensical and counterproductive from an economic point
by cgmg 9y ago
Uh... Keynes never said we should tax people who rent their homes out of existence. That idea is quite nonsensical and counterproductive from an economic point of view. It's like saying we should tax groceries out of existence to reduce food prices.
- mark_edward 9y agoKeynes did actually say the rentier class should be liquidated. The landlord is the ideal rentier. A grocer is not necessarily a rentier, they add value by providing a service. Rental income is purely a privilege of ownership, received due to a granted title, similar to patent and copyright.
- branchless 9y agoIt's okay he's writing on hacker news, where economics goes to die.
- cgmg 9y agoI'll repeat what I said: Keynes never said we should tax people who rent their homes 'out of existence'. To imply otherwise is disingenuous. I find it bizarre that you think renting out your home doesn't count as a 'service'. It certainly is a service by any reasonable definition of the word (including the one economists use).