its unclear to me how you could pay for the massive tax burden of a modern state with a single tax. while i agree in theory that taxation of land is the most "fair" type of tax, it does not seem possible that eg. the federal US government could obtain $7,000,000,000,000 from a %5 tax rate on land, without making it completely unaffordable for the average citizen to own a modest home.
if you were to couple Georgism with a massive reduction in state spending i would be more on board i think.
It's already unaffordable for the average citizen to own a modest home in much of the country. Only if you worked and then moved to a cheaper place.
Also, I don't think it precludes a sales tax or tariffs, etc.
The US ideological push for homeownership is what eventually led to the housing shortage that we’re in now. If we tie up a big chunk of the majority’s net worth in their house, of course they’re going to vote for their own net worth going up. Of course they’re going to vote for renters to become their serfs. Of course they’re going to vote for subsidizing housing demand instead of subsidizing housing supply.
We needed a government to crush the majority’s house values yesterday. As a consolation prize, we got ‘08. It sucked investment out of housing, and we got a booming economy.
The average citizen should not own a home and be allowed to vote at the same time. Canada experienced the consequences of a psychotic ideological homeownership push, China dodged it by intentionally deflating property values, the US will pay the price if people keep voting for property values to go up.
slopinthebag · · focus · HN ↗
if you were to couple Georgism with a massive reduction in state spending i would be more on board i think.
mixmastamyk · · focus · HN ↗
Also, I don't think it precludes a sales tax or tariffs, etc.
rangestransform · · focus · HN ↗
We needed a government to crush the majority’s house values yesterday. As a consolation prize, we got ‘08. It sucked investment out of housing, and we got a booming economy.
The average citizen should not own a home and be allowed to vote at the same time. Canada experienced the consequences of a psychotic ideological homeownership push, China dodged it by intentionally deflating property values, the US will pay the price if people keep voting for property values to go up.
RandomLensman · · focus · HN ↗