U.S. billionaires worry about the survival of the system that made them rich

Re:U.S. billionaires worry about the survival of the system ... by Yetanfou on Sunday April 21, 2019 @05:51PM (#19714788)

> eliminate private ownership of land

Read up on the phenomenon called "the tragedy of the commons" [1] to learn why this is a terrible idea.

For even more of an idea on where this can lead you can have a look at the 'Talk' page for the same Wikipedia topic [2] which shows an editing war on the very definition of the topic. Shared ownership does not imply shared stewardship as is made clear by the actions of some of the more vociferous Wikipedians.

[1] https://en.wikipedia.org/wiki/Tragedy_of_the_commons

[2] https://en.wikipedia.org/wiki/Talk:Tragedy_of_the_commons

[ Parent | on HN ]

Re:U.S. billionaires worry about the survival of the system ... by lisper on Sunday April 21, 2019 @05:56PM (#19714810)

I am very familiar with the ToC. That's why I added:

> one of the things it can do is offer long-term leases

[ Parent | on HN ]

Re:U.S. billionaires worry about the survival of the system ... by beambot on Tuesday April 23, 2019 @02:10PM (#19731234)

How are long-term leases different than property taxes + imminent domain?

[ Parent | on HN ]

Re:U.S. billionaires worry about the survival of the system ... by lisper on Tuesday April 23, 2019 @09:43PM (#19734836)

Leases expire. Ownership doesn't.

[ Parent | on HN ]