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> What do you do when Elon Musk decides he doesn't like you and outbids you on every parcel you try to get a lease on? What does he do when he runs out of mone
by James_K 2y ago
> What do you do when Elon Musk decides he doesn't like you and outbids you on every parcel you try to get a lease on?
What does he do when he runs out of money for the down payments? Rich people can already price people out of industries in our existing economic system.
> then that's great, it's basically ownership
The entire point is to get rid of ownership, but there is no need to renew the lease at all. Just increase it based on increases in surrounding leases. Then allow the value to be negotiated down through voluntary renewal.
> What if you make improvements to the land, like build a house or something? Do you have to knock it down when you leave? Is the government the only entity that can build houses?
You build the house with debt, the debt stays with the land. If you leave, then the person who comes in after you has to pay for the construction of the house.
- some_random 2y agoRich people can price others out of industries, but in this scheme the ONLY seller is the government and sales are mandatory. In your scheme, Elon Musk can outbid you on your lease, there's nothing you can do about it, and you don't even get the proceeds from it.
- James_K 2y agoFirst of all, this isn't a problem with voluntary renewals as I mentioned earlier in another thread (voluntary renewals is where the price is adjusted based on averages for the local area and only renewed if the owner thinks it's too high, down payments also discourage people from over-zealously renting when renewals happen). Secondly, the entire point of Georgism is that people who are under-performing are priced out of hoarding land. The only situation where it makes sense for Elon Musk to overpay on rent to force someone out of their land is when that person is a competitor of his, and this is illegal under existing anti-trust law. Otherwise, him outbidding owners on the lease is the whole point of the system.
- some_random 2y agoI wish I lived in your world where wealthy people didn't try to ruin the lives of others for petty reasons.
- James_K 2y agoMy world has no wealthy people. It doesn't stop at government ownership of land.
- some_random 2y agoOh that sucks, I thought you were one of the fun homegrown econ crackpots with weird new ideas rather than just rehashing the same old insane theories.