Optimal Taxation with Rent-Seeking (2011)

Re:Optimal Taxation with Rent-Seeking (2011) by padseeker on Tuesday September 11, 2018 @11:40AM (#17960705)

I've actually thought about this recently. The more equity that a smaller number of elites acquire, the less value they place on their own money, the more willing they are to throw money around and drive up prices for certain items, such as real estate - this warps the market. It's almost as if the top 0.01% become an economic black hole consuming more and more resources to acquire what's left.

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Re:Optimal Taxation with Rent-Seeking (2011) by nwah1 on Tuesday September 11, 2018 @12:10PM (#17961014)

But notice, it doesn't affect random assets. You don't see people hoarding and speculating on cars to a ridiculous degree, because cars depreciate.

Likewise, with real estate, the actual improvement values depreciate over time. What can appreciate is the value of the land.

But there's other areas that see such influxes of cash desperately seeking a return, like venture capital, ponzi schemes, cryptocurrency, and so on. However, much of that is akin to gambling and the losing bets mainly just harm the losers of the bets.

With land speculation manias, and related natural resource speculation manias, everyone becomes a loser. Cost of living skyrockets, and so does the cost of new production and hiring.

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Re:Optimal Taxation with Rent-Seeking (2011) by Eug894 on Sunday September 23, 2018 @01:44AM (#18049573)

Hurry, hurry! Ukrainians want to sell their land quickly (at least that is what our imposed leaders tell us):

https://voxukraine.org/en/land-prices-and-size-of-the-market...

  Cost of living skyrockets,
  and so does the cost of new production and hiring.

Doesn't automation make wages diminishing? Also, please, read this:

https://www.reddit.com/r/POLITIC/comments/7hqo7d/to_have_em_...

What do you think about the right for secession, if citizens were embezzled of their land by unfair privatization process?

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Re:Optimal Taxation with Rent-Seeking (2011) by whateveryou381 on Tuesday September 11, 2018 @11:58AM (#17960895)

e.g. Cottage industries that 'monetize' everything.

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