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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-ut
by 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....