pyradius

8 ms·

1.
by pyradius 4y ago
So the quadratic voting issue seems kinda curious to me. It seems like the best mechanism is through the use of tokens. But, I also assume that the tokens would have to be categorized to some degree right? i.e. you wouldn't use the sam
2.
by pyradius 4y ago
Well the private property rights you buy when you buy land include the state's ability to tax it. As for why it's an issue of distributive justice, that's simple. Ethically speaking, everyone has a right to use land, limited
3.
by pyradius 4y ago
Property tax falls on both the land and improvements. Inasmuch as they pay a 'property tax on land', they paid a reduced price to purchase said land. If there had been no tax on land, they would have simply paid that much more in
4.
by pyradius 4y ago
Getting to a 'very high LVT' is not something proposed to happen overnight. Mortgage debt also has to be considered since this is simply 'capitalized future rents'. Additionally, the process would include a tax shift, th
5.
by pyradius 4y ago
Tucker was no friend of George's but the anarchist worldview doesn't really hold up to any serious scrutiny. https://cooperative-individualism.org/andelson-robert_critic... "The anarchists' vagueness in
6.
by pyradius 4y ago
Where economic efficiency and economic justice meet, and where a tax isn't really a tax. Good stuff!
7.
by pyradius 4y ago
Alas there is no relationship between an income tax and personal consumption of spatial services. There is absolutely no coherent reason to do as you suggest, and every reason for the land to pay the cost of delivering those services, along
8.
by pyradius 4y ago
The problem isn’t vastly understated, and the retirees have largely been subsidized by the current system, they aren’t losing anything. That said, I’m just as favorable to a writedown of the asset and liability. The banks can now invest in
9.
by pyradius 4y ago
These are not show-stoppers, nor are they something that Georgists have failed to consider. "Another basis on which it is argued that greatly increased taxes on land are infeasible is that if land values were to fall precipitously, the
10.
by pyradius 4y ago
Well, many Georgists believe that All Taxes Come out of Rents, so under that belief there is no reason to keep inferior taxes in existence as opposed to collecting the higher rental value that would occur with the removal of those current t
11.
by pyradius 4y ago
That is not the sole purpose for the public collection of land rent. Land rent is based on demand for land. Land rent is what you would pay for a particular plot vs. some other plot that is available. The question is to whom should this pay
12.
by pyradius 4y ago
Yep the suburbs are a money-loser for governments as noted in https://www.youtube.com/watch?v=7Nw6qyyrTeI
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by pyradius 4y ago
It is not very difficult to separate improvements from the land. Critically, due to the deadweight loss of present taxes, even an inaccurate LVT would be superior to the present tax system. The margin of error for LVT is essentially "i
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by pyradius 4y ago
Yes, Land Value Taxers would exempt improvements. Notably, "The Greening of the California Desert" was financed with Land Value Taxes and "A significant amendment to the Wright Act also embodies the ideas of Henry George. The
15.
by pyradius 4y ago
If you accept the ATCOR concept (All Taxes Come out of Rent) then the presence of existing taxes diminishes land rent by the amount of those taxes. You can read more on this subject in Taxation: The Lost History in the following section: Al
16.
by pyradius 4y ago
I'd recommend reading "Taxation: The Lost History" for a deeper dive into why rent as public revenue is the most logical, ethical, and efficient tax base. It is book length, but worth it if you want to understand some of the