5 ms·

You tax away all the gains generated by the land value, which effectively eliminates the "landlord" component of a rental fee and directs the owner's incentives

You tax away all the gains generated by the land value, which effectively eliminates the "landlord" component of a rental fee and directs the owner's incentives toward producing value via construction, improvements, or services instead of rent-seeking on an asset they did not create and which would continue to exist if they never set foot on it.

Aurornis 5mo ago
> You tax away all the gains generated by the land value, which effectively eliminates the "landlord" component of a rental fee and directs the owner's incentives toward producing value via construction, improvements, or services instead of rent-seeking on an asset they did not create and which would continue to exist if they never set foot on it. Wishful thinking to imagine that landlords are going to suddenly become homebuilders instead. That money is going into other investments, like the stock market. In the process you've destroyed the availability of rental housing. Better question is: Why are you so focused on punishing landlords instead of getting more housing to market? These conversations always seem to revolve around punitive measures against landlords and rent-seeking, completely forgetting what problem we're trying to solve. In many cases, the proposals are so backwards that they would disincentivize new rental construction and reduce new housing supply.
- estearum 5mo ago
  Huh? Why would I care what landlords decide to do with their time? Lol, landlords do not create rental stock. Developers do that. Property managers manage it. They should be rewarded for doing so. Instead we reward landowners for holding a piece of paper. It has nothing to do with “punishing” landlords. It has to do with paying people for behaviors we want to incentivize. Developers and property managers do useful things we want more of. Landlords do not. We should not pay them for doing nothing of value. Why are you so fixated on giving landlords money they did not earn? It’s simply not true these proposals would disincentivize rental construction or reduce new housing supply. If you think it would, you need to think a bit more. Go ahead and plug into your favorite LLM: “Does a high land value tax incentivize or disincentivize production of new housing stock?” Here’s the first line from Claude: “It strongly incentivizes new housing production. Here’s why:…” You simply don’t understand what’s being proposed if you think that would be the effect.

Aurornis 5mo ago

> You tax away all the gains generated by the land value, which effectively eliminates the "landlord" component of a rental fee and directs the owner's incentives toward producing value via construction, improvements, or services instead of rent-seeking on an asset they did not create and which would continue to exist if they never set foot on it. Wishful thinking to imagine that landlords are going to suddenly become homebuilders instead. That money is going into other investments, like the stock market. In the process you've destroyed the availability of rental housing. Better question is: Why are you so focused on punishing landlords instead of getting more housing to market? These conversations always seem to revolve around punitive measures against landlords and rent-seeking, completely forgetting what problem we're trying to solve. In many cases, the proposals are so backwards that they would disincentivize new rental construction and reduce new housing supply.

estearum 5mo ago
Huh? Why would I care what landlords decide to do with their time? Lol, landlords do not create rental stock. Developers do that. Property managers manage it. They should be rewarded for doing so. Instead we reward landowners for holding a piece of paper. It has nothing to do with “punishing” landlords. It has to do with paying people for behaviors we want to incentivize. Developers and property managers do useful things we want more of. Landlords do not. We should not pay them for doing nothing of value. Why are you so fixated on giving landlords money they did not earn? It’s simply not true these proposals would disincentivize rental construction or reduce new housing supply. If you think it would, you need to think a bit more. Go ahead and plug into your favorite LLM: “Does a high land value tax incentivize or disincentivize production of new housing stock?” Here’s the first line from Claude: “It strongly incentivizes new housing production. Here’s why:…” You simply don’t understand what’s being proposed if you think that would be the effect.