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Rich 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 outb
by some_random 2y ago
Rich 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.