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3) they forget to curb the asset price inflation in real estate and land values. The basic fact that UBI proponents have been warning about. Real estate is jus
by snidane 6y ago
3) they forget to curb the asset price inflation in real estate and land values. The basic fact that UBI proponents have been warning about.
Real estate is just a hidden land value price. Look at Japan where the price od buildings are close to zero or even below zero (cost od destruction for new project) after about 30 years even when the total price (building+land) is astronomical.
The way to curb it is through Land Value Covenants or Land Value Tax or Hong-Kong style 99year leases or something to that effect.