ItsMonkk

21 ms·

181.
by ItsMonkk 5y ago
An increase in the tax of the land reduces the purchase price of the land. It's the exact same thing in reverse with interest rates over time. As mortgage interest rates drop, the monthly payment is what people look at, so home prices
182.
by ItsMonkk 5y ago
Land taxers believe in the removal of income and property taxes. Since farm land is (pardon the pun) dirt cheap, the tax money that they would have to pay for that land would be low. So long as the farm is in rural territory, the average fa
183.
by ItsMonkk 5y ago
The carbon price and dividend shows a great example of how to correctly set incentives. You tax the carbon. That tax money is then put into an account. At the end of the year, every single individual is then given an equal share. The disinc
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by ItsMonkk 5y ago
I wish I could set multiple sortation options at the same time. So I might see the top 'best' post, followed by the top 'controversial' post, followed by the 'newest' post. Then the second best of each.. etc..
185.
by ItsMonkk 5y ago
Your example is a good example of the Motte and Bailey fallacy. Yes, if he uses that $100 to create something worth more than $5, he wins, you wins, the community wins. That's the motte. But the vast majority of loans are not that type
186.
by ItsMonkk 5y ago
The fundamental issue is the incentives. When someone who owns a home says no to increasing zoning, their net worth goes up. It's verrry hard to go upstream and fight that. I'm for those changes, and would vote for them, but the p
187.
by ItsMonkk 5y ago
Pennsylvania has a few cities that have implemented a partial LVT. Here's[0] a Strong Towns article on the topic. They show exactly what I mentioned earlier - overall taxes are up, most peoples taxes are down. Business is booming. It&#
188.
by ItsMonkk 5y ago
> unimproved land to zero Yep! > dynamic supply and demand effects Yep! > ...then not if housing units aren't the most profitable use of land in the local area it won't. Agree. But they almost always are. > Confiscator
189.
by ItsMonkk 5y ago
This is exactly why a UBI funded through a Land Value Tax is such a good idea. A land value tax taxes the land such that the market cost of the home is equal to the cost to build the housing on top of the unit. The land tax will put the lan
190.
by ItsMonkk 5y ago
I've been trying to figure this out too. My insights actually started from a post made here, where someone talked about post 'weirdness'. There are so many posts that we skim all of the time. If there is a post that is weird,
191.
by ItsMonkk 5y ago
First you need to define what 'visualise' means, as an aphantasian programmer I can't visualise anything. What does thinking in code blocks mean? I can mentally hold stuff, but it's certainly not visual. Feynman[0] has a
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by ItsMonkk 5y ago
I've always seen OOP as the Actor model at the intra-program level, and Microservices as the Actor model at the inter-program level. So in a way it's K8s that is the successor to OOP. The Actor model can be good, and you should us
193.
by ItsMonkk 5y ago
Systemic thinking is hard. It's hard to just say that a worker is worth some amount, because that worker is using tools that you own, and most of the productivity is from the tools. Furthermore, the important factor with is compared to
194.
by ItsMonkk 5y ago
There's a fundamental difference - nobody created land, and the value that you are capturing is of your neighbors producing it. You can buy an empty plot of land, do nothing on it, and then sell it for double you bought it for 10 years
195.
by ItsMonkk 5y ago
I'm not so sure that this is true, but I do agree that as of this moment it is so. The key thing you are looking at is (capital goods at time 1 / currency at time 1 ) / (capital goods at time 2 / currency at time 2). Und
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by ItsMonkk 5y ago
> karma No! Goodhart's Law. Karma in itself is pointless. The reason that adding reddit to the end of a search query has better results is because you are querying a community for your results. There are already bots on reddit that
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by ItsMonkk 5y ago
I would argue that the single biggest application of spaced repetition today is the repost. [0]: https://news.ycombinator.com/item?id=18706280 [1]: https://news.ycombinator.com/item?id=24565987
198.
by ItsMonkk 5y ago
I like thinking of it like the Olympic rings. The blue ring(all the way to the left) doesn't need to know anything about the red ring(all the way to the right), but should absolutely know the yellow ring(second ring from the left), and
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by ItsMonkk 5y ago
It should be a rental, more like how TV show residuals, not a one time purchase. So long as the invention keeps providing value to the citizens, the inventor should keep getting paid for it. You could determine the value provided by auction
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by ItsMonkk 5y ago
Have you guys taken a look at all of the various torrent-based[0] approaches that's been going around HN? Feels like if you combine the storage component of those with the real-time approach you've got here, it would feel like mag
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by ItsMonkk 5y ago
Last month I setup tartube to download my YouTube Playlist videos through yt-dlp and then I play the videos through Plex. This was the problem I ran into after doing so, because I never officially watch any videos, all of my recommendations
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by ItsMonkk 5y ago
Good luck with this, I've been reading all the various HN posts on this topic and you seem to be the closest to the holy grail. Counter to Moxie's argument[0], I think a lot more people would be willing to host a server, if all th
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by ItsMonkk 5y ago
I agree, partially. Here's[0] a post I made last year predicting inflation on this exact reasoning. But that only explains away transitory inflation as that money given away was temporary. If the wealthy know that the Fed is going to r
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by ItsMonkk 5y ago
When you print money, but expectations are that you print more money, the value of the money printed goes to assets, not stored as currency, and certainly doesn't appear as inflation in consumption goods. It's only when you slow d
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by ItsMonkk 5y ago
So the key relation you need to pay attention to is in growth of the money supply compared to growth in the real economy. If they are growing at the same rate, prices will be stable forever. If one is growing at a slower rate, you will see
206.
by ItsMonkk 5y ago
Thanks for this post. I know the only attempt at demurrage went so well that they shut it down after not to long, but what do you think this would have an effect on assets over time? Would the demurrage keep the money supply in check long-t
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by ItsMonkk 5y ago
We already have that. It's called Tether.
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by ItsMonkk 5y ago
I was inspired by Nicky Case[0], but independently recently reached the same conclusion as you have here. In March of 2020 when the pandemic was first hitting the US, before there was an official lock-down, and before any company wide annou
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by ItsMonkk 5y ago
I don't know what the natural interest rate such as to get a stable velocity, and it would not be static but would change with changes in the economy, but I don't think it would be negative unless we were already deep within a rec
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by ItsMonkk 5y ago
We were seeing these issues before CO-VID - when the employment rate is over-heating and the inflation rate is ticking up, the Fed takes on their dual mandate and starts raising rates. The Fed began raising their rate in 2016 topping out in

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