Viewing profile — benjiwengy

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 exclud…

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 excl…

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 exi…

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. W…

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.

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 e…

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 …

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 m…

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 …