Every story and comment from the Hacker News API, in a layout borrowed from 2001.
A comment on Land-value tax: Why Henry George had a point. Parent comment
Sure, but as long as it can be used to extract rent at no cost, the value of land is going to keep going up.
> why don't people sit on their cash? They're taxed on most cash transactions, right?
Inflation is a de facto tax on holding cash. Without it people probably would sit on their cash.
There are no comments on this comment yet.
Sure, but as long as it can be used to extract rent at no cost, the value of land is going to keep going up.
> why don't people sit on their cash? They're taxed on most cash transactions, right?
Inflation is a de facto tax on holding cash. Without it people probably would sit on their cash.