is that useful in a world with speculation and day trading? genuine question.
DSN9@lemmy.ml 1 day ago
Just read Henry George. Land value taxes, etc. He had it all figured out 100 years ago. The fact that we still try to determine elaborate methods for building equality is absurd. The correct answers, and methodology is already known, and backed by piles of empirical evidence.
He adamantly argued two things:
- Land value tax above all else.
- Labor must not be considered capital.
These 2 concepts are core to the economic foundation, of building a extremely dynamic society (huge middle class, open financial systems, urbanism etc.)
…substack.com/…/the-curious-case-of-qingdao-china…
Or for those very curious…
lime@feddit.nu 1 day ago
DSN9@lemmy.ml 1 day ago
It destroys incentive for speculative behavior on land. LVT increases density, reduces infrastructure costs, vastly increases distribution of housing. It increases the incentive to use the property and or improve property on the land. Property, houses, buildings etc are not taxed, the land below it is. It is extremely pro environmental, even pro business. It’s implementation is simple. It’s pro the 99 percent and harms owners of large parking lots in urban dense areas (the poorest use of land and essentially a speculative hold).
lime@feddit.nu 1 day ago
most speculation today isn’t on land though, it’s on value itself. like, trillion-dollar software companies use very little land compared to their value. elmos riches aren’t bound up in land, it’s all stocks.
i feel like i’m missing a step.
mogranja@lemmy.world 23 hours ago
I see what you mean. But if I have my house on my land, and enough income to provide reasonably for me and my family, what do I care about their imaginary money games?
billwashere@lemmy.world 1 day ago
The other issue is large stagnant piles of cash. Money not circulating through the system is useless.