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A comment on JPMorgan to spend $1B on rental homes in the US to become a megalandlord. Parent comment

Re:JPMorgan to spend $1B on rental homes in the US to become... by HDThoreaun on Saturday December 31, 2022 @01:50PM (#34199430)
That’s the point. If you own a valuable piece of land, the government needs to incentivize you to density so that the community has cheap housing. Putting a single wide on a in demand spot is wasteful and should be punished.

More generally, land value tax returns land to its rightful owner, the people in the community. No one created land so it doesn’t make sense to allow people to profit off it.

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Re:JPMorgan to spend $1B on rental homes in the US to become... by chii on Sunday January 01, 2023 @09:14PM (#34213440)
> returns land to its rightful owner, the people in the community.

if that was the case, why does somebody currently own it, and who did this current owner buy it from (ala, go up the purchase chain back to the first buyer).

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Re:JPMorgan to spend $1B on rental homes in the US to become... by HDThoreaun on Tuesday January 03, 2023 @09:44AM (#34231935)
Mistakes were made. They obtained it from someone who had no right to give it to them in my opinion, although of course rights are a tricky subject and many believe “might makes right”

Eventually going up the chain brings us to the government, which again, had no right to give that land away when it belongs to the people. Whether they did it because of corruption or ineptitude is irrelevant.

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