We need a land value tax to stop real estate speculation.
Zyansheep
joined 2 years ago
Harmful tech such as inefficient forms of taxation like sales, income, and capital tax that reduce prosperity or exacerbate inequality (land value taxes are better)
there are none
not anymore
Most cryptos are public. Monero specifically though cryptographically obfuscates sender, receiver, and amount.
a land value tax would fix this
Everything should decentralize if possible
Capitalism while replacing taxes on productive activities with taxes on unjustified monopoly power such as land value taxes to fund a UBI would be better than many past status quos.
spider gonna be fed tonight!
Both are fine so long as we have a complete land value tax funding direct economic redistribution
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Development of surrounding land increases land value yes, but the idea is that since the landowner didn't do that development themselves, they shouldn't be able to profit from it through increased value of their own land. "Land value" is kind of an amorphous though, another way to think about it is that we want to incentivize the most economically optimal use of land in high demand areas, thus we should tax all land proportional to demand (measured via price) to encourage those landowners who have undeveloped or under-utilized land relative to demand to use it.
(note this is counter-intuitively pro-environmental because it applies most to land with high demand, e.g. cities, not forest or farmland, and if cities can be successfully densified to satisfy housing demand, pressure to sprawl can be reduced, increasing those lands left to nature)