Dwarfdeaths t1_iuxv6hq wrote
Reply to comment by fordanjairbanks in Apis Cor may be America's most advanced 3D printing construction company, yet it is shunned by traditional capital markets; 8 years after being founded, it still relies on crowdfunding websites. by lughnasadh
Have you read the link? Land rent is based on the availability of marginally productive alternatives. Think of an island with one fertile patch and a bunch of desert. The rent you can charge a worker by owning the fertile patch is the difference between output of the fertile patch vs the desert.
On the other hand, the desert is still more productive than the ocean. If we find ways to make the desert more productive... rent on the desert will also go up.
Land speculation applies to all land and the rent you could expect to collect, regardless of how urban or rural it is. The solution is to effectively eliminate private ownership of land through a Land Value Tax.
Artanthos t1_iuy2fwb wrote
Land, and housing, ownership is the single greatest means by which the middle class accumulates generational wealth.
By removing ownership, it is the middle class that gets held down. Not the wealthy.
CaseyTS t1_iuzg3fn wrote
That's only because that's how our financial system has been built in the past. We're trying to buck all sorts of bad economic habits from the past, like unregulated capitalism for instance. If we make some changes such that more people have access to good housing, people don't privately hold land property, and people have secure means to pass on wealth, that would be ideal imo.
Artanthos t1_iv06f09 wrote
Capitalism is the worst system in the world.
Except for all the economic systems.
CaseyTS t1_iv0mp85 wrote
Hard disagree, not much content in your statement
Artanthos t1_iv0munv wrote
So, name a better existing economic system.
CaseyTS t1_iv113e9 wrote
You're trying to start a hardly-relevant argument. Capitalist evangelism is silly. I said unregulated capitalism is bad. You have no decent argument against that because you know working children to death is bad.
By the way, our capitalist system is a regulated one.
I don't respect you trying to start an argument with snappy one-liners.
Artanthos t1_iv1yzfj wrote
We don’t have unregulated capitalism outside of the shadow economy.
Pretty much every country in the world is some form of mixed economy with capitalism as one of its components.
CaseyTS t1_iv594fi wrote
You're ridiculous. I KNOW. That was my point - that we don't do unregulated capitalism anymore because it's bad.
Why talk to people if you just type stream-of-consciousness without listening to what people say?
RustedCorpse t1_iv0r473 wrote
It's a Churchill quote.
CaseyTS t1_iv12f3g wrote
By the way, since you're gung-ho, go ahead and list and correctly define some non-capitalism economic systems. I constantly see many people (conservatives) talk about various economic systems without understanding what they are, so you can certainly understand my question.
Artanthos t1_iv1cyfe wrote
Your list and definitions can be found here.
CaseyTS t1_iwfxd09 wrote
I was not asking for information for my own good. I was quizzing you because I doubt your knowledge and wanted to judge whether I should keep talking to you. So your wikipedia link does not help.
But you started doing weird stream-of-consciousness comments that only vaguely relate to what I've been saying, and it's impossible to have a convo with someone who does that.
Artanthos t1_iwhg0zo wrote
And I’m not going to waste 20 minutes typing on my phone when I can just link the information.
Dwarfdeaths t1_iv2h2ir wrote
Land/housing ownership is also the single greatest barrier to building generational wealth. Owning land is what enables you to keep the output of labor, whether it's yours or someone else's.
Sharing land equally is neither good nor bad for the middle class, only fair. It's good for working class people who don't own land, and it's bad for wealthy people who rent land to others. People who own their own homes and workplaces? Largely unaffected. (Though it depends on the location.)
fordanjairbanks t1_iuxvr6k wrote
I’m down for eliminating private land ownership. It behooves us all to treat it as the commons and create proper, sustainable management of our natural resources.
Dwarfdeaths t1_iuxwhkq wrote
To be clear, an LVT only eliminates the financial portion of private ownership. The holder of the deed still gets exclusive decision-making authority over how the land gets used as long as they are paying the tax. If you want to conserve natural resources you'd have to add additional market corrections, e.g. a payment to NOT cut down a tree.
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