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A comment on Universal Basic Income is Capitalism 2.0. Parent comment

Re:Universal Basic Income is Capitalism 2.0 by ethanbond on Thursday July 30, 2020 @06:46AM (#23996637)
Today how that goes is you get huge tax cuts for not making money and keeping valuable resources off the market.

How that should go is you get taxed at the same rate as if you had set it at a price it could be rented at, therefore encouraging you to set your price correctly.

That’s the LVT, that’s basically the entire thing.

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Re:Universal Basic Income is Capitalism 2.0 by WalterBright on Thursday July 30, 2020 @07:13PM (#24003832)
> huge tax cuts for not making money

Nobody pays income tax if they aren't making money. That's why they're called "income" taxes.

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Re:Universal Basic Income is Capitalism 2.0 by ethanbond on Thursday July 30, 2020 @07:52PM (#24004134)
Yep, and that’s why I’m advocating a “land value” tax instead.
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