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Tax the Land

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581–590 of 613 posts

Re: Tax the Land

#581

Earlier quoted context omitted.

this isn't about seizing property, but about not giving away tax money to wealthy landowners every time our laws change against their interest toward the broader public interest.

Henry George’s LVT is a 100% tax on land rents. A 100% tax is also known as a seizure. Maybe there is some tax rate that would make this more in line with existing corporate or income taxes but setting it so low would also undermine its key benefits.

that's being intentionally obtuse. the tax is on rents, not the land itself (nor on productive use). again, rents are unproductive, while seizure is taking by force. make productive use of desirable and productive land or sell it if you don't want to pay the tax (note: no seizure here), and move to less desirable land if you just want to own land without that pressure.

less than roughly 1% of the land area of the US would have such pressures, so you'd have plenty of tax-free land to choose from, and it'd be cheaper to buy too. productive land should be put to its "highest and best use".

Re: Tax the Land

#582
post #579

Earlier quoted context omitted.

Not true. It's not each piece of land that you are optimizing, but the community as a whole. If you were to build up Central Park, yes, you could get more income for that space. Because people get less access to things that they want, everyone would move out to CT or NJ. Less tourists would come. The surrounding land would all drop, it would hurt NYC land values as a whole. In fact, with proper zoning in place that d…

> It's not each piece of land that you are optimizing, but the community as a whole. If you were to build up Central Park, yes, you could get more income for that space. Because people get less access to things that they want, everyone would move out to CT or NJ. Less tourists would come. The surrounding land would all drop, it would hurt NYC land values as a whole. How do you propose finding the optimal balance, and…

Yeah, good question.

Another thing to consider here is if instead of putting skyscrapers into Central Park, what would happen if it was instead paved over into a single massive parking lot? I think one way to handle this is to treat each 'scope'(local, state, federal) of government as its own land value tax, and your taxes would go to your local community, but a piece of which would then need to pay the state tax, etc... It would be in the interests of NYC to use their land to the best use that they determine. If they choose poorly and paved over Central Park, this would meaningfully impact their finances.

And what of the privately owned Bryant Park, would they need to pay the Land Value Tax despite the fact that they are just as positive externality driving as Central Park? Grand Central Station was another case of this, where the city disallowed the company that owned it to knock it down and build a skyscraper, as renting out the skyscraper would earn the company more money.

Georgists care very deeply about tracking the capturing of positive externalities, but this is the opposite. This is attempting to value the release of positive externalities. I don't have a perfect answer for this, but it's clear there are 'privately-owned' places that act as publicly-owned, and thus if we exempt from taxes public, they deserve to as well. I don't like exemption, - it will surely breed corruption - but I see no real way to find out what that value really is.

Re: Tax the Land

#583
post #120

Earlier quoted context omitted.

It's not solely a redistribution scheme. It's based on the fundamental principle that the government is the ultimate owner of all land, and private individuals are simply renters. If you accept this to be true and good, then it makes perfect sense. If you are the type that wants to be non dependent on the government, it is deeply grating.

I don't think you can avoid the government ownership of land, at least within the US. If its not the governments, it still belongs to the natives the government stole it from. The individual's legitimacy comes from the government's claims over the land

Why can't a government have a legitimate claim then sell it to an individual?

Re: Tax the Land

#585
post #169

Earlier quoted context omitted.

Proposition 13 needs to end. An obvious reason is that property can be owned by a corporation or LLC somehow and you can sell that to someone, effectively selling the house and avoid the proposition 13 tax reset. Proposition 13 has become just yet another way for wealthy people to avoid paying their fair share of taxes.

> Proposition 13 has become just yet another way for wealthy people to avoid paying their fair share of taxes. “Has become” implies that was ever not that.

The thing I was getting at is in other states, maybe all states, they calculate the estimated value and you pay property taxes for land based on that. But with california's special prop 13 system, you don't have to pay more as a property increases in value. Thus the tremendous value of these systems that transfer ownership but avoid that 'tax re-value'. In other places, you can't avoid paying higher taxes as places increase in value, generally.

Re: Tax the Land

#586

Earlier quoted context omitted.

>>no, investors need no additional incentive to invest. That is not true. Greater incentives translates to more investment, and more investment is socially beneficial. >>it's the same fallacious argument used to keep progressive taxes at bay (oh noes, the rich people will leave america for... ???). There is nothing fallacious about this argument. Disincentives to investment lead to less investment. Less investment me…

no, investment may move, but it doesn't simply vanish. wealth managers would be fired for holding investible funds in cash (which is what withholding investment means--that's the opportunity cost mentioned earlier). historically, disenfranchised masses revolt, violently. bonus point: a more equitable distribution of wealth would lead to smarter investment overall and a more productive economy.

>>no, investment may move, but it doesn't simply vanish. wealth managers would be fired for holding investible funds in cash (which is what withholding investment means--that's the opportunity cost mentioned earlier).

The percentage of income invested fluctuates, based on factors that include security of property rights and expected return on investment.

Creating a reliable regulatory and tax regime would mean greater annual inflow of money into investments.

>>historically, disenfranchised masses revolt, violently.

All the better then to remove the obstacles to the enfranchisement of the masses, by offering compensation to the current beneficiaries of rent-extracting institutions in exchange for recruiting them in the drive to abolish these institutions.

Violent revolutions that overturn power structures are actually quite rare and far more common is persistence of structural forces of rent-extraction for decades or centuries, and thus the threat of revolution is not an effective motivator for those in power to relinquish their privileges. The pragmatic reality is that we are more likely to get to a more just and efficient economy without these structures if we reach a settlement that removes the opposition of these structures' beneficiaries from the drive to eliminate them.

>>bonus point: a more equitable distribution of wealth would lead to smarter investment overall and a more productive economy.

Another bonus of eliminating rent-seeking institutions is that it reduces wealth inequality. Compensation to expedite the removal of a structural force that contributes to wealth inequality would likely be a net-gain for equity in the distribution of wealth, because the former is a one-time action while the latter has a recurring impact.

Re: Tax the Land

#587
post #410

Earlier quoted context omitted.

I have a hard time distinguish between people owning gold and people owning land, and in this discussion, we are not just talking about owning land but people owning a house on that land. Similar in how gold is turned into a jewelry that people form emotional attachment to, a home is built on land which people form emotional attachments to. In both cases we have a man-made resource, ie a jewelry and homes, and in bot…

George's moral framework would align with taxing the ownership of gold - "land" is not just literal land but all unimproved natural resources. On the other hand we don't seem to have pressing problems with gold that is needed for productive purposes instead being hoarded as a store of value. Its main function is to be expensive, so we don't mind as much that it is.

Gold is not actually inherently scarce. Refined gold is scarce because it is costly to find, mine and refine it. So I do think those who do go through the process to acquire gold are morally deserving of ownership over it. Moveover, this ownership is economically advantageous because it incentivizes the costly process of mining gold that increases its supply.

Re: Tax the Land

#588
post #562

Earlier quoted context omitted.

> There's no right to anything that people don't stand together to say they have a right to. This is ignoring the point: positive rights should not exist. They require taking rights from others, through violence, to enforce. > People shouldn't have to commute for hours so other people can live there because that impacts their health and opportunities for life, liberty, and the pursuit of happiness Ok. Then don't.

> positive rights should not exist That's like, your opinion man, and I don't know if you mean aspirationally, as in, there shouldn't be racist classist assholes out there so we shouldn't need positive rights to protect the dignity we all deserve, or you mean you so libertarian you side with the racist classist assholes like Ayn Rand, but surely if you meant to debate Kant and Shue: I wouldn't be the first to argue t…

> That's like, your opinion man

Well, and the opinion of people that don't like slavery and theft.

> I don't know if you mean aspirationally, as in, there shouldn't be racist classist assholes out there so we shouldn't need positive rights to protect the dignity we all deserve

I mean positive rights cannot be established without evil. They should never exist, and any you can think of should be abolished.

> I wouldn't be the first to argue that a fundamental right to freedom is worthless if people aren't able to exercise that freedom

You don't need to take from others to be free. That is, in fact, the opposite of freedom.

> you can just google search "criticisms of the virtue of selfishness" if you want; People write proper papers and thesis on this stuff, not internet comments.

This isn't about selfishness. Well, kind of. Selfishness on the part of people demanding the positive rights, which _forces_ others under threat of violence to make their lives easier, regardless of whatever efforts they make on their own.

> So I still won't comment on whether positive rights should or should not exist

I maintain they should not.

> and instead say it is undignified to have to live in fear

So don't.

> and that a lack of equity fosters fear

Equity is impossible without violence and restrictions on freedom. It's not equitable that one person should be lame and another not: it only becomes equitable when we break the other person's legs.

> and ideologically I don't care how we do it

Neither did Mao, Stalin, or Pol Pot.

> so I believe it ethical to support things like traffic laws, minimum-wage laws, health-and-safety laws especially in farms, restaurants and hotels, and maybe even a commuter-premium

None of those things are rights.

> to prevent companies from exploiting another way humans are willing to degrade themselves.

If someone is willing to 'degrade themselves', why are you preventing them from doing so?

Re: Tax the Land

#589

Earlier quoted context omitted.

no, investment may move, but it doesn't simply vanish. wealth managers would be fired for holding investible funds in cash (which is what withholding investment means--that's the opportunity cost mentioned earlier). historically, disenfranchised masses revolt, violently. bonus point: a more equitable distribution of wealth would lead to smarter investment overall and a more productive economy.

>>no, investment may move, but it doesn't simply vanish. wealth managers would be fired for holding investible funds in cash (which is what withholding investment means--that's the opportunity cost mentioned earlier). The percentage of income invested fluctuates, based on factors that include security of property rights and expected return on investment. Creating a reliable regulatory and tax regime would mean greate…

no, those are poor economic prescriptions that further entrench wealth in fewer hands to the detriment of the economy as a whole. investment will happen regardless. the money literally has nowhere else to go. this is really not a hard or controversial point.

investors and politicians, on the other hand, like to say things like "investment will go away", but those are lies told to the susceptible to get pet policies enacted, not to reflect reality, better the economy, or improve the lives of ordinary citizens.

history books are literally chocked full of governments being overturned, and it's happened dozens of times in the past century. it's anything but rare.

Re: Tax the Land

#590
post #562

Earlier quoted context omitted.

> positive rights should not exist That's like, your opinion man, and I don't know if you mean aspirationally, as in, there shouldn't be racist classist assholes out there so we shouldn't need positive rights to protect the dignity we all deserve, or you mean you so libertarian you side with the racist classist assholes like Ayn Rand, but surely if you meant to debate Kant and Shue: I wouldn't be the first to argue t…

> That's like, your opinion man Well, and the opinion of people that don't like slavery and theft. > I don't know if you mean aspirationally, as in, there shouldn't be racist classist assholes out there so we shouldn't need positive rights to protect the dignity we all deserve I mean positive rights cannot be established without evil. They should never exist, and any you can think of should be abolished. > I wouldn't…

> You don't need to take from others to be free. That is, in fact, the opposite of freedom.

But irrelevant: Things have already taken from others and they want it back.

> Equity is impossible without violence and restrictions on freedom.

Agreed, so because violence was used to obtain an UN-equitable position, they want it back.

(I feel a little bit like I'm repeating myself; what's another way to say this?)

People the color of your skin used violence to take people with different skin-colors freedoms and property, and they used it to finance schools and police forces that resulting in you opportunities or advantages that other people with other skin-colors no longer had the possibility of as a result. You don't deserve that advantage, and so they want it back.

> I mean positive rights cannot be established without evil. They should never exist, and any you can think of should be abolished.

If "positive rights" can also be established in response to evil, then I don't see why they cannot be used to correct for equity. Property-rights are enforced by taxes, so on some level, if these are "positive rights" then they're just like a minimum-wage law designed to correct previous evils. Maybe one day they will not be necessary and can be abolished, but in the meantime, I think we need them and I support them in that aim.

> It's not equitable that one person should be lame and another not: it only becomes equitable when we break the other person's legs.

I think that's fair. Your parents poison them which makes it more likely for them to be born lame, so I think it's perfectly fair to break your legs if you can't find another way to make that right.

I'd like to think I'm just trying to find another way that doesn't involve more violence; surely an expansion of minimum-wage is less violent than breaking your legs?

> If someone is willing to 'degrade themselves', why are you preventing them from doing so?

Why do I tell a slave that they do not need to be a slave? Gosh, again, people write papers on this stuff. We tell people they don't need to be slaves because that's how we stop slavery -- by making it so nobody believes they need to be a slave in order to survive. The only rights we have are the ones we can convince other people we have. I already said this, but you chose to narrowly interpret rights which will make it hard to understand why I can't help myself: I don't want to be a slave, I don't know what kinds of torture I would be able to refuse, but I don't think that would be a life worth living, so I tell anyone who will listing they don't need to be a slave.

> Well, and the opinion of people that don't like slavery and theft.

And yet here is someone who does not like slavery or theft, who does not have that opinion because I'm not a racist asshole.

See how that works? Don't characterize me. I don't deserve to have my supporting of taxation to be equated with supporting theft just because you don't like to pay taxes, any more than you deserve to be equated with other racist assholes just because you're quoting racist assholes. You want me to take you seriously? You have to do the same.

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