SadMacaroon9897

SadMacaroon9897 t1_j9qo34u wrote

Supply and demand definitely does impact housing prices. A 5bed/3 bath in the middle of nowhere is practically worthless. But if it's in the middle of Manhattan, it would be one of the most expensive houses in the US. The supply of land within cities is fixed but the demand is ever-increasing.

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SadMacaroon9897 t1_j82teto wrote

That's why it should not be funded by salaries but instead by land. Valuable land will be valuable no matter who owns it so the revenue can't flee. Likewise it'll temper the speculative nature of land ownership and provide a more consistent level of income.

Also fun fact: UBI was suggested over 100 years ago and that was the suggested method of sustaining it.

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SadMacaroon9897 t1_j5zrnjg wrote

The difference though is that it largely makes no difference if they say 60 seconds to midnight or 1 hour to midnight: The state of the world does not depend on the clock. DEFCON in contrast directly impacts the state of the world...because it causes a change in the world (US military readiness).

In addition, the organization behind the Doomsday Clock has an incentive to be provocative and get into the news and drive fundraising.

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SadMacaroon9897 t1_j5ysds4 wrote

>Rent is calculated to be the absolute maximum you can afford.
As time goes on the wealthy constantly chisel away at the net worth of the peasants. We're rapidly returning to feudalism.

You've got it right on the nose with this part: Rents eat all gains. It's like the Red Queen said:

>“My dear, here we must run as fast as we can, just to stay in place. And if you wish to go anywhere you must run twice as fast as that.”

As productivity and pay go up, that means landlords can increase rents to capture those gains. Likewise, as society's spending decreases to make slack in our budgets, rents will still go up because now people can pay more for housing. The steady-state is a nation of serfs that can barely afford their rents

The only solution is to stop subsidizing land ownership, fairly tax land, and likewise distribute the benefits to society at large: Land should be seen as a liability to hold, not a pass to print money.

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SadMacaroon9897 t1_j5yp953 wrote

Ironically, I do want to own nothing and be happy. I'd love for apartments to be so common that it's preferable to owning a house. Never needing to own a car because alternatives are available and cheaper than ownership. Both together would directly save me literally thousands of dollars per month.

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