benjiwengy

3 ms·

1.
by benjiwengy 7y ago
Consumption and automation are beneficial activities. Not smart to tax them. Excluding others from a valuable natural resource is deeply immoral unless compensation to those excluded is paid. The difficulty(or not) of measuring the "tr
2.
by benjiwengy 8y ago
The value of land is the opportunity cost of not putting it to its best use withing existing planning regulations/zoning. Its is also the loss of opportunity suffered by those excluded with left uncompensated leads to a net transfer of
3.
by benjiwengy 9y ago
We have to have the cash when we pay selling prices, mortgage interest and rents. The LVT and these are economically one and the same thing, thus merely a substitution. Not for existing homeowners admittedly, but certainly for those in the
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by benjiwengy 9y ago
Humans bring slaves and stolen goods to the market. Neither of which were supplied by slavers or thieves. Same thing as natural resources. You are conflating two separate things. What gives Land its economic value and meaning is its relativ
5.
by benjiwengy 9y ago
Land is defined as everything not supplied by human effort. It is thus perfectly inelastic in supply. Bringing land into use is a service ie Labor. Hope this helps.
6.
by benjiwengy 10y ago
I don't think humans adding value with their time, and selling it on the market will ever stop. This has been a misplaced fear for thousands of years, yet we work just as hard as ever. Technology just makes us more productive. So will
7.
by benjiwengy 10y ago
No, a tax on the rental value of land would move the demand curve over to the left. This would reduce both rental incomes and selling prices. ie a reduction in demand. So the rise in rents would be cancelled out by the fall in selling price
8.
by benjiwengy 10y ago
The reason why a Basic Income paid out from a LVT is a good idea, is because it reduces costs by leveling the field for all participants in the immovable property market. So that market can then allocate resources at optimal efficiency. A U
9.
by benjiwengy 10y ago
No. Landlords will not just raise their rents. They are already charging the maximum the market will bear. However the result of LVT would increase the disposable incomes of those that rent, from which they will apportion some of on purchas