3 ms·

So if landlords now have to pay for everyone's UBI, why aren't the Landlords just going to raise rent to get that money right back?

tomrod 5y ago
Tying UBI to CPI/rental index would quash that dynamic's profit seeking reasonably, I think.
arrosenberg 5y ago
The Land Value Tax is tied to the assessment of the value of the land. If the landlord raised the rent 20%, sans improvements (which are not taxed), the assessed value of the land itself would go up 20% as a reflection and nullify the incentive to raise rent in the first place. The only way you can raise rents (in a way that nets a profit) under a LVT is to improve the property or provide services. If you own a 4 unit complex and you want a higher return, you need to build more units, a gym or provide on-site dry cleaning. This also means more efficient land-use in areas of high land value (i.e. densely built town/city centers). Since no more land can be produced, and speculation cannot produce profit, the incentivized usage is a productive one (building more housing where it's in high demand). Philosophically, a person who supports this concept wouldn't view it as the landlords paying everyone's UBI. We can respect every American's right to enjoy private property, while also holding the value of that property as a public trust. The LVT payments represent the capture of that value, and the UBI is the mechanism by which the public share is distributed.
gremlinsinc 5y ago
It's the land VALUE, meaning things built on the land add value, say a skyscraper for example with offices... these would pay quite a bit more than say an un-utilized piece of land for sale in Utah without water rights. Then there's land that doesn't have buildings but still has high value because of the resources (oil, natural gas, minerals, etc) that sit underneath. I think this works swell, but we should maybe have a variable VAT too that makes it so even UBI recipients pay some taxes back on everything they purchase, etc...and I think the system should be pegged at making the amount doled out and taxes raised from land-owners equivalent to 3x rent, aka rent should account on average 1/3rd of the amount given out. Could also simply have a program where everyone's given 1k, plus vouchers for rent upto a limit, plus foodstamps... could be foodstamps are usable to pay rent, to make it easier to manage, and whatever's left over is your food budget... then the extra 1k pays utilities, insurance, etc... of course there should be free healthcare and better education deal.... Personally I'd prefer usd moves to crypto and only allows 1 account per person with a 50 million dollar max-limit, basically making all income over a threshold taxed, so billionaires can't even exist...and redistributes to those who hodl less and spend more. but I'm a bit more radical in my thinking....

tomrod 5y ago

Tying UBI to CPI/rental index would quash that dynamic's profit seeking reasonably, I think.

arrosenberg 5y ago

The Land Value Tax is tied to the assessment of the value of the land. If the landlord raised the rent 20%, sans improvements (which are not taxed), the assessed value of the land itself would go up 20% as a reflection and nullify the incentive to raise rent in the first place. The only way you can raise rents (in a way that nets a profit) under a LVT is to improve the property or provide services. If you own a 4 unit complex and you want a higher return, you need to build more units, a gym or provide on-site dry cleaning. This also means more efficient land-use in areas of high land value (i.e. densely built town/city centers). Since no more land can be produced, and speculation cannot produce profit, the incentivized usage is a productive one (building more housing where it's in high demand). Philosophically, a person who supports this concept wouldn't view it as the landlords paying everyone's UBI. We can respect every American's right to enjoy private property, while also holding the value of that property as a public trust. The LVT payments represent the capture of that value, and the UBI is the mechanism by which the public share is distributed.

gremlinsinc 5y ago

It's the land VALUE, meaning things built on the land add value, say a skyscraper for example with offices... these would pay quite a bit more than say an un-utilized piece of land for sale in Utah without water rights. Then there's land that doesn't have buildings but still has high value because of the resources (oil, natural gas, minerals, etc) that sit underneath. I think this works swell, but we should maybe have a variable VAT too that makes it so even UBI recipients pay some taxes back on everything they purchase, etc...and I think the system should be pegged at making the amount doled out and taxes raised from land-owners equivalent to 3x rent, aka rent should account on average 1/3rd of the amount given out. Could also simply have a program where everyone's given 1k, plus vouchers for rent upto a limit, plus foodstamps... could be foodstamps are usable to pay rent, to make it easier to manage, and whatever's left over is your food budget... then the extra 1k pays utilities, insurance, etc... of course there should be free healthcare and better education deal.... Personally I'd prefer usd moves to crypto and only allows 1 account per person with a 50 million dollar max-limit, basically making all income over a threshold taxed, so billionaires can't even exist...and redistributes to those who hodl less and spend more. but I'm a bit more radical in my thinking....