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Um, why do people get to own land, whose creation ages ago the "owners" contributed nothing to? All financing schemes, be they debt or equity, should only exis
by Ericson2314 6y ago
Um, why do people get to own land, whose creation ages ago the "owners" contributed nothing to?
All financing schemes, be they debt or equity, should only exist to promote the creation of useful stuff. Everything else is unproductive bullshit.
> What if you are old and have run out of money? At least you’ll still have your house.
I've had it with these poor widow(er) / poor retiree arguments. Housing can not be both affordable and a good investment.
Maybe we need a one-time cash transfer to compensate people currently balls-deep in the current system to get the fuck out of the way, but this absolutely is not an argument to continue to turn a blind eye to our continued abject failures at good land use and just allow more generations empathy-arising "middle Americans" to become the next status-quo-justifying boogiemen.
> actually, I’m not totally opposed to having all property go to auction upon death
Ah we agree on this one :)
> This would allow people to be able to never worry about losing their home during their lifetime while also not creating a dynasty of ownership.
The problem is that the population grows during people's lifetime, and so the inefficiencies magnify. Put simply, we need empty-nesters to always be downsizing to conserve land.
- hpkuarg 6y agoWe don't need some complicated cash transfer scheme -- land value tax will let the market solve this problem over time, and ensure that no economic rent inures to the landowner, who (as you rightfully mention) did nothing to create the value of a patch of Earth. One can dream of a government fully funded only by land value tax...[0] [0]: https://en.wikipedia.org/wiki/Georgism https://en.wikipedia.org/wiki/Georgism
- jfb 6y agoAs a resident of the great Dominion of Canada, I was very happy to see that Chrystia Freeland, the new Canadian minister of finance at one point sort of kind of endorsed the LVT.