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Is that still true? I’m probably in a software bubble, but like: none of FAANG have any real land holdings, for instance?
by AgentOrange1234 3y ago
Is that still true? I’m probably in a software bubble, but like: none of FAANG have any real land holdings, for instance?
- yellowapple 3y agoTheir servers exist somewhere, and while it's called The Cloud™, that ain't literal ;) Datacenters, offices, warehouses, factories... these all sit on top of land. Even a fully-remote company running off Raspberry Pis in someone's closet still requires some quantity of land on which the employees' homes and that closet full of Raspberry Pis sit. Even if the companies themselves don't own that land directly, somebody does.
- CrazyStat 3y agoI think it’s not a coincidence that land value tax is popular on Hacker News. Replacing all the taxes that tech companies currently pay with a land value tax that hardly affects them would be an incredible boon.
- yellowapple 3y agoIt's an incredible boon to the vast majority of society. The only ones who suffer under LVT are land speculators and landlords.