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Re:Thomas Piketty’s Radical Plan to Redistribute Wealth by colechristensen on Monday September 05, 2022 @11:32AM (#32725404)
Reduce rent seeking, promote local agriculture university outreach programs, gently trim back on waste, promote competition in stagnated fields.

There’s not a radical solution where something bold needs to be done. There’s a lot of mundane progress that needs to be done, but before it’s done it needs to be identified and prioritized.

Re:Thomas Piketty’s Radical Plan to Redistribute Wealth by pasquinelli on Monday September 05, 2022 @11:34AM (#32725433)
a real attempt to reduce rent seeking would probably lead to civil war.
Re:Thomas Piketty’s Radical Plan to Redistribute Wealth by colechristensen on Monday September 05, 2022 @11:39AM (#32725534)
Reduce, not eliminate.

Put pressure though taxes, regulations, etc that benefit people owning things to do stuff with them and penalize people owning things to make money from somebody else doing things with them.

Investment will always be an important mechanism, it just needs to be a bit more disadvantaged than it is at the moment.

One of the mechanisms is as simple as taxing vacancy. If you own commercial or residential property that isn’t occupied, your taxes go way up to encourage you to drop prices until it gets used or you decide to sell.

Re:Thomas Piketty’s Radical Plan to Redistribute Wealth by Aunche on Monday September 05, 2022 @12:03PM (#32725841)
People pay 50% of their income in taxes in states like California without rioting, so I don't see why attempts to reduce rent seeking would be any different. Any income generated from an land value tax is money that can be saved with less efficient forms of taxation. IMO, this has more to do with lack of economic knowledge rather than anything else. People don't realize that making housing affordable completely opposite from making it a good investment.
Re:Thomas Piketty’s Radical Plan to Redistribute Wealth by tharne on Monday September 05, 2022 @12:30PM (#32726165)
> a real attempt to reduce rent seeking would probably lead to civil war.

Agreed, but a failure to reduce it would probably lead to the same thing eventually.

Re:Thomas Piketty’s Radical Plan to Redistribute Wealth by candiddevmike on Monday September 05, 2022 @11:39AM (#32725527)
The feudal lords will call on their bannermen to take up arms via Twitter.