Re:Is everything falling apart?
by 11101010001100 on Friday April 29, 2022 @12:51PM
(#31207581)
I agree there value in the freedom. My point is simply on paper, housing is as expensive as every other asset (well, maybe not art). Of course, the real question is if housing should even be considered an asset in the first place.
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The Georgist answer is that the structures on the property should be assets and that taxes should reduce the land value to $0 and be updated regularly to capture the gains in the land value. That's the theory I ascribe to although I think transitioning from our current society to a Georgist one is incredibly difficult.