3 ms·
> When everyone gets it, it becomes baked into rents or mortgage payments True, unless there’s a land value tax. But a man can dream.
by barry-cotter 4y ago
> When everyone gets it, it becomes baked into rents or mortgage payments
True, unless there’s a land value tax. But a man can dream.
- 8note 4y agoThen the land value goes up to match rents and thus the ubi. The ubi receiver still loses and needs other support
- barry-cotter 4y agoYou can increase the land value tax all the way to 100%. In the limit the UBI can be paid for entirely by land value taxes, which leave no surplus for land owners. It’s very easy for a UBI to end up benefiting only the non-working and land owning classes but it’s avoidable.
- imtringued 4y agoLand value taxes lower the value of land. The UBI recipient can conserve his share of land and rent it out to someone who needs it. That will result in an overall increase in economic efficiency and that surplus can in theory be used to buy products and services to meet the basic necessities of the recipient. Alternatively, the recipient can run a homestead on his share of land.