Re:The latest experiment in basic income will be coming to S...
by rothbardrand on Friday October 20, 2017 @01:09PM
(#15517384)
Taxes don't solve the problem, they increase it. If costs are too high, adding taxes only increases the cost more.
One can argue that taxation in all its forms, including inflation, is the singular cause of all poverty in the USA-- it is the largest most massive wealth transfer fro the masses to the rich ever. And I don't mean "rich don't pay enough taxes" I mean taxes are stealing from the poor and giving to the rich.
Re:The latest experiment in basic income will be coming to S...
by dredmorbius on Friday October 20, 2017 @06:46PM
(#15519613)
Not in the case of rents.
That's a key reason they're so markedly different from other goods.
Incidentally, your username and curiosity prompted me to check to see if Hazlitt's infamous little book makes any mention at all of either rents or monopoly. It doesn't.
I find that quite interesting.
Colleges and other shared-expense systems (see also: healthcare, military spending, public spending generally) present and pose other challenges, but they are not the same as the situation as applies to housing, specifically.
You don't give builders credits to build houses. You tax them for the potential revenues of a given quantity of land. Since land is nonfungible, the consequence is to both develop undeveloped lots, and to increase the density of utilisation of developed losts.