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I think we need to reconceptualize property rights. Instead of something you 'own', it's valuable resources that you rented from the community. Rich people get
by kiba 4y ago
I think we need to reconceptualize property rights. Instead of something you 'own', it's valuable resources that you rented from the community.
Rich people gets to use the most valuable land, but they will also likely pay more, and also likely to use it more efficiently, unlike today where you have landowners who sat on lands worth million of dollars and oppose development. This is land hoarding and it's not good.
- least 4y agoThis is basically what Georgism [1] aims to solve. I don't think it's only a matter of imposing a land value tax, though. I think government regulations like zoning and poorly thought out housing code impede development the most. A developer would rather profit off their land. A land value tax incentivizes development from the back but you have to remove the barriers from the front as well. [1] https://en.wikipedia.org/wiki/Georgism https://en.wikipedia.org/wiki/Georgism
- mellavora 4y agoYes, just like patents and copyright!
- deleted 4y ago[deleted]