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What people dislike I think isnt actaully the act of being a landlord, but the land speculation that most landlords partake in. Clearly providing homes to rent
by HDThoreaun 2y ago
What people dislike I think isnt actaully the act of being a landlord, but the land speculation that most landlords partake in. Clearly providing homes to rent is valuable to society, the problem is that a huge part of the landlording business is waiting for the value of the land to increase, which obviously pisses people off as they see the landlords getting something for nothing. The alternative is land value tax which makes land essentially worthless because the government captures most of its value, destroying the ability to speculate on it.
- r00fus 2y agoLand value tax does not make land worthless. It makes land speculation less “rent-seeking”. If you’re not doing anything meaningful with the land, then it’s not gonna be profitable to own.
- HDThoreaun 2y agoTrue land value tax collects almost all of the lands rents. An asset with no profits is inherently worthless.