TimPC

16 ms·

541.
by TimPC 4y ago
I could see that if triple entry blogging included saving and exposing a raw text version of the blog. But it doesn't.
542.
by TimPC 4y ago
So double entry accounting records each entry as a debit and credit which enables all sorts of new possibilities in accounting. Triple entry blogging is just having two backups for everything with completely different technology from those
543.
by TimPC 4y ago
There is a big improvement between only getting higher density construction on a lagging basis with demand and not getting higher density construction at all. California is its own special hell of non-building that few parts of the world c
544.
by TimPC 4y ago
California seems more popular than it is because it feels like practically the entire state is zoned for single family homes. If it had sane housing policy it would be doing a far better job relative to whatever demand it has on that front.
545.
by TimPC 4y ago
Probably would have improved his approval rating due to the opinions of his base.
546.
by TimPC 4y ago
There is also the important argument that all contracts for a % of revenue or profit immediately become meaningless if you allow this. Create any film in a number corporation then transfer the film only to a different corporation. The origi
547.
by TimPC 4y ago
The whole project is doomed from the start. The automated filter has no hope of detecting whether something is fair use or not and current legislation requires that to be evaluated before a takedown. Unless you’re willing to throw out fair
548.
by TimPC 4y ago
The idea in North America is that homes are mostly investments. The real estate market grows and the home accrues additional value. At some point in retirement, typically when stairs become too difficult you might downsize to a condo, cash
549.
by TimPC 4y ago
Density is not a panacea though. Density reduces revenue per capita as you end up with property tax from the cheaper housing so as you build it you see declines in services. Most notably education, if you ever wondered why suburbs tend to
550.
by TimPC 4y ago
This is splitting hairs. You are forcibly invested in social security so you have to pay it even if the numbers indicate you won't be able to get anything back out from it. If the distinction between this and a Ponzi scheme is having
551.
by TimPC 4y ago
Had some thoughts and was hoping to continue the discussion on Georgism based on the interesting article yesterday. Does anyone else worry that by taxing (occupied) land you get less of it?
552.
Does Georgism Work?(pastebin.com)
2 points by TimPC 4y ago|2 comments
553.
by TimPC 4y ago
These figures are highly misleading though because life expectancy includes significant outliers dragging the number down from infant mortality rates which declined over the same period. It is not the case that your life expectancy given r
554.
by TimPC 4y ago
If that collapse is accompanied by real estate no longer being a property ladder then the entry might be less relevant or desired.
555.
by TimPC 4y ago
I think it's hard to classify Toronto as an Outlier, especially if you mean the GTA. There are 38 million Canadians according to the 2021 census. According to the same data source 6.7 million of them live in the GTA. This "outlie
556.
by TimPC 4y ago
I think this is fundamentally untrue. It seems plausible for condo owners in large buildings where each unit represents a tiny portion of land. For single family residences consisting of detached or semi-detached homes on slices of valuable
557.
by TimPC 4y ago
The Georgist answer is that the structures on the property should be assets and that taxes should reduce the land value to $0 and be updated regularly to capture the gains in the land value. That's the theory I ascribe to although I t
558.
by TimPC 4y ago
I think the effect size is far far larger than 2008 which would look like a minor correction compared to this change. If the effect size was only as bad as the 2008 correction we'd have an easy time doing this. You're comparing a
559.
by TimPC 4y ago
There is a cap but I think a large part of that is to prevent people from complaining about the size of pensions paid out by the government. What you get back from the program is a function of what you put in and if you allowed people to p
560.
by TimPC 4y ago
The issue is the gains in efficiency from the introduction of the Georgian tax system get traded off against the loss in efficiency from more than doubling the national debt. I don't have enough economic skill to model all of this to k
561.
by TimPC 4y ago
Existing contracts don't magically change just because the government changes how the system of taxation works. I'm not saying it's impossible to have a fair system of mortgages with LVT. I'm saying there are a lot of e
562.
by TimPC 4y ago
Instantaneous change with compensation is extremely expensive. I noted in another thread that it's quite possible for the costs of compensating affected parties to reach $30.5 trillion, the current size of the US national debt. This as
563.
by TimPC 4y ago
It might come out in the wash if you ignore the fact that you have to live somewhere. Property taxes and upkeep on a house tend to work out cheaper than skyrocketing rents over the long run. Home upgrades return value on the property. Havin
564.
by TimPC 4y ago
Most economic discussions are inherently political but it's not the case that most political discussions are inherently economical. I argued that we are avoiding dealing with our economic challenges and are focusing on non-economic pol
565.
by TimPC 4y ago
I argued for a gradual implementation of Georgist Tax Policies elsewhere in the thread so we are in agreement. I think transitioning to a LVT is a very hard problem that requires a great deal of thought and care. I'm convinced such a
566.
by TimPC 4y ago
Agreed. And we've seen crises in the neighbourhoods in decay and significant adverse effects for those who don't get the housing investment gains that much of society is built on. The numbers seem to indicate that will be somethi
567.
by TimPC 4y ago
I haven't worked out all the details but I think the right thing to do is some form of gradual transition to a Georgist taxation system (perhaps with compensation from the government for those who suffer sufficient adverse effects). Re
568.
by TimPC 4y ago
The ponzi part of it is that current payers pay for current retirees. If the pension worked on a forced investment model where you paid into your own retirement and the money was invested for you that would be different. It would even be vi
569.
by TimPC 4y ago
I'd argue that the greater risk of things falling apart is economic rather than political. We've built our society on two near-ponzi schemes that are in danger of falling apart. The first is pension funds which are paid into by cu
570.
by TimPC 4y ago
I think the probability of a GPT-style approach learning to generate mathematically interesting next steps is close to zero. The structure GPT captures is a sense of plausibility of a next step and while you could argue that it's poss

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