America’s Covid job-saving programme gave most of its cash to the rich

Post by austhrow743 » Wed, Feb 02, 2022, 1:33 AM UTC

wyager wrote: post #114

anonporridge wrote: post #112

Earlier quoted context omitted.

1) Everyone, even those with extreme wealth, can be helped to see the benefit of raising the floor for everyone. There is a non zero possibility that anyone can lose their wealth, or their children or grandchildren end up losing it. In a world increasing ravaged by automation, UBI is an insurance policy not only for those in need now, but possibly for you and your progeny. 2) Wealthy elites will end up just as poor a…

Free handouts don't "raise the floor" in a sustainable, long-term, or asymptotically effective way. Every dollar spent on UBI would yield better returns being invested in essentially any kind of R&D, unless your time preference is very high.

Post by zip1234 » Wed, Feb 02, 2022, 1:38 AM UTC

dnautics wrote: post #129

hpkuarg wrote: post #116

Earlier quoted context omitted.

> You can't Sure you can. Unimproved value of the land is simply the value of the lot as a whole minus the value of building that sits atop (well, improvements aren't always buildings, but that's a simple example). You can approximate it by comparing it against the transaction prices of nearby lots that aren't improved, or by taking the construction cost out of the purchase price of the lot. > is popular with politic…

So a unit that abuts the el should have the same per acre value as a unit a block and a half away?

Post by zip1234 » Wed, Feb 02, 2022, 1:39 AM UTC

woah wrote: post #43

anonporridge wrote: post #31

Earlier quoted context omitted.

There's a delicate balance of property owners using their power to prevent new construction and densification in an attempt to keep their property values high by preventing competition and going too far where you destroy your local economy because the people who actually do the work can't afford to live there.

Huh?

Post by lmm » Wed, Feb 02, 2022, 1:41 AM UTC

jimbob45 wrote: post #157

davidw wrote: post #139

Earlier quoted context omitted.

Vacant housing in Cyanide Springs, Oklahoma is useless to people who want to be near jobs in Palo Alto. It has everything to do with the supply of housing and how it's been severely constrained over the years.

And what about when you’ve exhausted every square inch of land to shove more housing on? Then the city isn’t worth anything to anyone and you move on to the next city to ruin. At some point, enough is enough and you have to accept that there’s no room for more housing without ruining the city. You could focus on reclaiming AirBNBs and vacant housing and you might be able to make a dent in the problem. Just announce t…

Post by CMCDragonkai » Wed, Feb 02, 2022, 1:43 AM UTC

anonporridge wrote: post #131

wyager wrote: post #114

Earlier quoted context omitted.

Free handouts don't "raise the floor" in a sustainable, long-term, or asymptotically effective way. Every dollar spent on UBI would yield better returns being invested in essentially any kind of R&D, unless your time preference is very high.

Don't think of it as a free handout. Think of it as a dividend on your citizenship. Every person a shareholder of the nation.