Land doesn't have feet, so it can't run away. But the people who want to live on expensive land have feet, and they can most certainly run away.
popalchemist•47m ago
Let them run away. As Marx pointed out, Capital does not by nature spread itself, but rather concentrates itself in the hands of the few. Billionaires do not add to economies, they are parasites that extract value from them. That means they become unlivable. Tax the billionaires, and that offsets their impact. Get rid of them, and that eliminates them completely. Housing and other costs will diminish. Win win.
apparent•22m ago
> Billionaires do not add to economies, they are parasites that extract value from them.
Does the same apply to millionaires and thousandaires? What about people who work hard and aspire to be wealthy?
> Housing and other costs will diminish. Win win.
That's true, when you make somewhere less attractive to live, people leave and then it gets cheaper. Of course, it's then less enjoyable for the people who end up living there too. Bit of a dilemma, really.
java-man•1h ago
tax the wealth, over %NNN million. the moment one gets a loan with shares as collateral, the wealth is measured and taxed at the real estate rate (or different).
the proceeds fund the UBI. problem solved.
apparent•21m ago
What real estate rate are you referring to?
blinded•16m ago
Guessing capital gains?
apparent•1m ago
Is there a special rate for capital gains for real estate? I'm just confused as to why it was framed that way.
apparent•1h ago
popalchemist•47m ago
apparent•22m ago
Does the same apply to millionaires and thousandaires? What about people who work hard and aspire to be wealthy?
> Housing and other costs will diminish. Win win.
That's true, when you make somewhere less attractive to live, people leave and then it gets cheaper. Of course, it's then less enjoyable for the people who end up living there too. Bit of a dilemma, really.