2 ms·
Capitalists claim to believe in free markets but private ownership of land is completely antithetical to the basic idea of a free market. In a market you cannot
by eevilspock 4y ago
Capitalists claim to believe in free markets but private ownership of land is completely antithetical to the basic idea of a free market. In a market you cannot buy an infinite amount of something for a finite amount of money. But that's what land ownership is: control of a finite resource in perpetuity that you bought for a finite sum. You can buy some land for $10,000 then you and your heirs can collect an infinite amount of rent from it since you own it in perpetuity. Property and inheritance taxes are society's weak attempts to correct for this, but weak they are. This absurdity doesn't even include the absurdity of how the first "owner" of the land from which your ownership derives just took it, as you and the article I linked point out.