4 ms·

> If we repeal both CA prop 13, which freezes property taxes at a certain value when the property is sold, we can repeal rent control as well. As a non-America

by afafsd 12y ago

> If we repeal both CA prop 13, which freezes property taxes at a certain value when the property is sold, we can repeal rent control as well. As a non-American I think that property taxes are an abomination anyway. Tax people on their income if you must, but not on their wealth, especially not on non-liquid wealth. Otherwise you have retired people being forced out of homes they've owned for decades just because prices in the area have gone up.

vonmoltke 12y ago
Oddly enough, I think in the US you would get more support for increasing taxes on wealth and decreasing taxes on income, at least at the lower ends of income.
- baddox 12y ago
  That's essentially the idea behind Georgism, which has slightly influenced more mainstream political economic thought. In Georgism, natural resources (namely, land) are the only thing that is taxed, because natural resources are not created by human effort or ingenuity and thus should be taxed to avoid the land holders earning economic rent. Proponents argue that it is the only tax that is economically efficient. http://en.wikipedia.org/wiki/Georgism http://en.wikipedia.org/wiki/Georgism
- curun1r 12y ago
  That's because wealth, particularly land and other limited resources that provide a benefit to the owner without any effort on their part, should be taxed. If you don't tax it, that's what leads to monied elites that sit on their asses without providing any benefit to society. Untaxed property leads to property owners that mooch their existence off the rest of society. I've seen excellent arguments for taxing only those specific types of wealth because it maximizes the amount of productivity that each member of society is contributing to the group whereas taxing income has the effect of deterring productivity...granted, at the levels that we currently tax income, the deterrence factor is very small, but it's still there.
GFK_of_xmaspast 12y ago
I think you should tax the fuck out of people's wealth so that it doesn't accumulate vampire-like.

by afafsd 12y ago

vonmoltke 12y ago

Oddly enough, I think in the US you would get more support for increasing taxes on wealth and decreasing taxes on income, at least at the lower ends of income.

baddox 12y ago
That's essentially the idea behind Georgism, which has slightly influenced more mainstream political economic thought. In Georgism, natural resources (namely, land) are the only thing that is taxed, because natural resources are not created by human effort or ingenuity and thus should be taxed to avoid the land holders earning economic rent. Proponents argue that it is the only tax that is economically efficient. http://en.wikipedia.org/wiki/Georgism http://en.wikipedia.org/wiki/Georgism
curun1r 12y ago
That's because wealth, particularly land and other limited resources that provide a benefit to the owner without any effort on their part, should be taxed. If you don't tax it, that's what leads to monied elites that sit on their asses without providing any benefit to society. Untaxed property leads to property owners that mooch their existence off the rest of society. I've seen excellent arguments for taxing only those specific types of wealth because it maximizes the amount of productivity that each member of society is contributing to the group whereas taxing income has the effect of deterring productivity...granted, at the levels that we currently tax income, the deterrence factor is very small, but it's still there.

GFK_of_xmaspast 12y ago

I think you should tax the fuck out of people's wealth so that it doesn't accumulate vampire-like.