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> "What people would pay for it" is a controversial quantity Yep. A friend thinks we should have a "You bought it!" law for insurance companies that assess the
by pjungwir 13y ago
> "What people would pay for it" is a controversial quantity
Yep. A friend thinks we should have a "You bought it!" law for insurance companies that assess the value of your belongs to calculate a premium. Basically once they give you their assessment, you have to right to say, "You bought it!" and they have to take it off your hands at that price. Not that such a law could work in the real world, but it is pretty clever. I bet a lot of people wish they could use such a law for property tax assessments.
- comrade_ogilvy 13y agoThe incentives do not necessarily work well there. But I could imagine a "We The People Buy It" under a system of wealth taxes. That the gov't could choose to buy any asset for a modest premium over what the taxpayers asserts it was worth for purposes of taxes last year. Heck, maybe any citizen should be allowed in on that game? "Hmmm, you say your restaurant business is worth only $300k? It is your lucky day! I just bought it for $360k."
- flyinRyan 13y agoOMG, that's brilliant! Now I just need a couple of hundred million and I could buy Walmart!