branchless

17 ms·

61.
by branchless 9y ago
In prime locations it doesn't matter if it's a bungalow or 2 floors, the main component of the cost is the land. Which is why we should tax land, not the improved value of land (property tax). And not labour.
62.
by branchless 9y ago
Whenever anyone follows me on Twitter I check their account. If it's not someone genuine i block them. Wouldn't work for someone famous but for a normal person it's worth it.
63.
by branchless 9y ago
My interest is that the feudal lord was living off the backs of others. The state taxing land to build hospitals is not the same thing.
64.
by branchless 9y ago
How are devolved local states equivalent to private landlords? States capture land value via land tax and socialise this. Private landlords capture it and keep it. Night and day.
65.
by branchless 9y ago
I don't like "the economist" however a while back they did do a piece on land value tax, maybe HN will find it more palatable coming from this journal: https://www.economist.com/blogs/freeexchange/20
66.
by branchless 9y ago
Not quite correct. We've tried: - Real identities (Facebook comments) - Voting and self moderation (Reddit, HN, etc.) - Strong moderation (Reddit, HN) All within the context of rampant financialisation, land policies returning us to fe
67.
by branchless 9y ago
Spot on, The City is a square mile for avoiding taxes, appropriating wealth and crushing workers.
68.
by branchless 9y ago
Agreed. And let's not forget that Airbnb isn't"the sharing economy", it's a website with images and text on it for landlords. No innovation, just exploitation. Silicon valley.
69.
by branchless 9y ago
It's a good book, but I find his use of his good writing skills to try to smooth over the many terrible parts of the language a little irksome.
70.
by branchless 9y ago
Not true.
71.
by branchless 9y ago
There is a third circle of hell: kdb. Unpopular and what is there is unsearchable as the syntax consists of items like ,:/. I like kdb and the docs are okay, but my word...
72.
by branchless 9y ago
Agreed. I'm about to get PR, same boat. Thanks for the info and enjoy canada!
73.
by branchless 9y ago
Read the first paragraph and thought"come to Canada!". You delivered. Are you paid/employed in cad or usd? If the latter is it hard with PR?
74.
by branchless 9y ago
It's solely to surpress wages.
75.
by branchless 9y ago
People in their 20s don't remember before the banking coup. They think it has to be like this.
76.
by branchless 9y ago
I know, it was tongue in cheek Let's tax these parasites, get them out of residential areas. What is Airbnb providing? Their premium "service" is their previously claimed bare-minimum if you exclude the slumlord part. Tech in
77.
by branchless 9y ago
Wait, I'm confused. Airbnb is part of the "sharing" economy, right? So mostly people renting out their home whilst briefly away. And they don't have a drying rack? Something doesn't fit.
78.
by branchless 9y ago
Which is caused by high land costs. Now we must maximize our employability, and to hell with friends, family and community. The land costs, set by loose credit from banks, must be met.
79.
by branchless 9y ago
As you know, it's anecdotal, but this may be down to rising interest rates!
80.
by branchless 9y ago
I think kdb / q developers are possibly as far from wolf of wall street as it's possible to be. One guy in London who worked in kdb was a huge arse, the tens of others I've encountered have all been lovely. It's an insan
81.
by branchless 9y ago
Agree with everything except the "I wouldn't be surprised to see more scrutiny". That would surprise me!
82.
by branchless 9y ago
Nope, we have a series of too big to fail banks which have exclusive issuance of debt as $, unconstrained by any limits other than demand now we are off the gold standard: https://bankunderground.co.uk/2015/06/30&#
83.
by branchless 9y ago
Agreed, but there is a huge, huge amount of people doing very little of value. All the games with low latency and the rules for order placement could be changed to greatly simplify and stop the race to ever-lower latency. I work in it, it&#
84.
by branchless 9y ago
German banks lend against productive endeavor, shunning the Anglophone rentier behaviour: https://www.youtube.com/watch?v=qpq2eqz6mR0 They also make land available to build on, unlike former UK colonies which all use a comb
85.
by branchless 9y ago
And a bunch of other people lost exactly the same amount, because none of them are creating anything.
86.
by branchless 9y ago
Totally agreed. The run over the last 5 years is massive. A modest drop is hardly going to clean out most "investors". Most people won't benefit from the crash because they have no savings to buy the dip. What we need is jobs
87.
by branchless 9y ago
Not quite. You don't have to borrow a dollar for any old thing. Yes you need to eat and the shop sells food in dollars, but we need to extrapolate more. The shop wants dollars because they too have to pay their taxes. You could fin
88.
by branchless 9y ago
If only someone else needed bitcoin. For example sovereign issuers of fiat currency insist that taxes are paid in their fiat currency. Because that's what really makes a currency once we get past the facile "a unit of exchange&q
89.
by branchless 9y ago
A graph of income share versus union membership: https://i.redd.it/nhp7e2rzy8d01.jpg Think also of the insanely high CEO pay.
90.
by branchless 9y ago
Where is the risk to the real economy? No fiat was destroyed.

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