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Re:How housing became the world’s biggest asset class by tehsauce on Thursday January 23, 2020 @12:47AM (#22125153)
Wouldn't this discourage activities like farming, while helping technology giants get ahead?
Re:How housing became the world’s biggest asset class by chongli on Thursday January 23, 2020 @06:56AM (#22126811)
No, it wouldn’t. A proper land value tax is based on the unimproved value of the land. Farms are almost exclusively built in areas that have much lower land values than cities.

Farming would already be discouraged if farmers could build skyscrapers over their fields and collect the rents from those buildings. Since nobody wants to live in a skyscraper in the country, this never happens.

Re:How housing became the world’s biggest asset class by imtringued on Thursday January 23, 2020 @05:14AM (#22126300)
Yes it would. Stop farming in downtown and go somewhere with cheap land.
Re:How housing became the world’s biggest asset class by amiga_500 on Thursday January 23, 2020 @06:36AM (#22126703)
You got it
Re:How housing became the world’s biggest asset class by Thorentis on Thursday January 23, 2020 @01:07AM (#22125243)
I think informing tax law with zoning would be useful here. Rural: tax labor. Residential: tax land. Commercial: tax land + building.

And then if you're really feeling like reform:

Tax assets instead of income for individuals, and tax both for corporations. Only tax income for small businesses.

Re:How housing became the world’s biggest asset class by jelliclesfarm on Thursday January 23, 2020 @03:32AM (#22125868)
Interesting. After some thought, I’d summarize that all taxes on income and assets..including property.. are inappropriate.

We should have a flat consumption tax for all. And a single one time child tax. It is in effect a double tax, but still will be lower impact than the cacophony of various taxes we have now...it can be used to fund education. Currently funded by property taxes.

a single flat consumption tax will stabilize economy. I suspect that it would also curtail consumption and carbon foot print. A tiered consumption tax might be punitive but not a terrible idea even though it ought to be a back up or a emergency measure during crisis situations.

Food, shelter, medical and educational expenses should be taxed after a minimal deduction.

Re:How housing became the world’s biggest asset class by amiga_500 on Thursday January 23, 2020 @06:38AM (#22126712)
> After some thought,

Try a lot of thought. Like Henry George. Ricardo. Einstein. Friedman.

And then reconsider.

Re:How housing became the world’s biggest asset class by jelliclesfarm on Thursday January 23, 2020 @12:20PM (#22129463)
Right. Ok. Have you anything to add or comment about taxes?

Esp re what those people have said?

Re:How housing became the world’s biggest asset class by amiga_500 on Thursday January 23, 2020 @10:11PM (#22135065)
Re:How housing became the world’s biggest asset class by jelliclesfarm on Friday January 24, 2020 @02:21AM (#22136099)
It’s little frustrating because you are not saying anything...just directing me to look up something or url links.

I suppose you have no opinion? I see no point in continuing this exchange. Cheers.

Re:How housing became the world’s biggest asset class by dandelo1953 on Friday January 24, 2020 @12:08PM (#22140182)
I don't know a lick about the book mentioned or literal references you have been silently recommended to study. Obviously the implied message that you've yet to pick up on is that you should try and research your own ideas before profoundly postulating positive platitudes that are .... full of P?

anyway, i suspect your "idea" is bad from the start... you say tax consumption... AND THEN tax the (just?) born... do you even darwin bro?

You are giving the disenfranchised the shaft from the outset.. who do you think would like this? who do you surround yourself with to get to this line of thinking? Rhetorically, I'm done.

Re:How housing became the world’s biggest asset class by jelliclesfarm on Friday January 24, 2020 @01:35PM (#22141099)
i am assuming it’s the child tax that’s seems to be a problem for you. I didn’t suggest anyone read anything. I think you might have mistaken subsequent comments to be mine.

Perhaps if I expanded that as ‘pay taxes for the consumption of your own child’? And pay a fee before having kids. This could be in the form of a community trust or an investment fund at county, state or country level.

We pay different kinds of taxes but children are negative taxes. As in, cost of rearing children is mostly subsidized by the govt with taxes.

My suggestion was that every consumption good needs to be taxed. When income, property, inheritance etc are not taxed and only sale of goods is taxed, everyone pays a tax according to their lifestyle.

Example: a sleeping cot is taxed much lower than a yacht or a house. Parents save and pay for their children’s education. The retirees live off retirement plans.

In my last sentence I mention that food, shelter, medical and education are only taxed after minimal deductions. Which means, everyone essentially gets a kind of UBI for essential needs before their consumption in these survival categories is taxed.

Obviously if one is ‘disenfranchised’ there is charity. Currently we consume too much using credit lines and debt. The key is to restrict consumption and eliminate waste/scarcity...have more local governance than regional governance.

Re:How housing became the world’s biggest asset class by vonmoltke on Thursday January 23, 2020 @08:34AM (#22127372)
> Tax assets instead of income for individuals

That would cause an incentive to consume and a disincentive to save. I don't think that is the direction we want to push our financial system in.

Re:How housing became the world’s biggest asset class by leetcrew on Thursday January 23, 2020 @03:51PM (#22131860)
on the margin, yes, but most people want to retire eventually. income tax is itself a disincentive to work, but people still do.