5 ms·
I completely agree, I would love to see a monopoly based tax system. I consider property ownership just a special case of a monopoly, since you have a monopoly
by jdoliner 8y ago
I completely agree, I would love to see a monopoly based tax system. I consider property ownership just a special case of a monopoly, since you have a monopoly on that plot of land. The one question you didn't broach here though is how you set the tax rate. Current systems do this on property by looking at the sale price, but property value can change, so they use an appraisal process. That's no good, it's expensive and prone to political manipulation. I'd prefer to see a market based solution. Imagine this: at any time you can make an offer on a piece of property and submit that offer to the government, the owner of the property can either accept or reject the offer. Offers are binding, so if they accept you're required to pay. But whether or not they accept this offer becomes the new valuation of the property and they must pay taxes accordingly. This should give you a system where the taxes paid on a property are always relative to the value derived from it by the party that values it most. And property should in general wind up being owned by that party.
The same basic structure should work for other monopolies like Pharma and internet infrastructure monopolies.
- stormbrew 8y agoSo you get your buddy to make you a low-ball offer on your property that you'll definitely refuse so you can pay less taxes. Then you do the same for them. Meanwhile, that person you don't like? Make a ridiculous offer on their property to either force them to move or suddenly have to pay absurd taxes.
- jdoliner 8y agoYou'd value the property based on the max offer the person had gotten, not the minimum. This gives the person you don't like the option to take your ridiculous offer and stick you with the absurd taxes. Sure they have to move, but they now have the resources to do it.
- icebraining 8y agoThe Four Monopolies: https://en.wikipedia.org/wiki/Benjamin_Tucker#Four_monopolies https://en.wikipedia.org/wiki/Benjamin_Tucker#Four_monopolie...
- tobylane 8y agoThis gives no weight to subjective value, such as its sentimental because your grandparents are buried there.