740
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 24 Aug 2023
740 points (88.5% liked)
Personal Finance
3819 readers
2 users here now
Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning. Join our community, read the PF Wiki, and get on top of your finances!
Note: This community is not region centric, so if you are posting anything specific to a certain region, kindly specify that in the title (something like [USA], [EU], [AUS] etc.)
founded 1 year ago
MODERATORS
In some versions of socialism, not all. And technically in a georgist system, depending on implementation, all land is considered the governments land, it's owned by the common people. From there individuals pay society for exclusivity to a plot.
I'm not an economist, so my understanding is limited, but my understanding is that a LVT results in the landlords themselves paying the tax instead of tennants. The end result is a giant hit to the wallets of landlords across the country. That's a very good thing, and does indeed get us closer to socialism. Less landlords, less landlord power, the better.
Additionally, even if it only slightly effects land use efficiency (which I disagree that it would be slight) any increase in efficiency will increase the proportion of land that is for sale and therefore reduce prices.
And keep in mind, this is only part of the solution, not the sole solution. Zoning still needs to be fixed and there needs to be massive government investments into co-op housing developments.
Read some theory, it kinda sounds like you're basing this entirely off of YouTube videos you've seen (including your understanding of socialism)
Landlords increase rent to make up for it, what does georgism do? Landlords don't exist as such in socialism, but how they do exist still isn't really impacted by this shift.
Georgism is a misunderstanding of the causes of issues at the "tax affecting productivity" level. That's not the cause of our problems.
The lack of massive investment of housing and zoning are, again, results of a problem not the problem itself. These issues don't exist with good planning, and that's why georgism is just irrelevant except as a bandage for some of the ills of capitalism temporarily
If you want to convince me, mocking me isn't the way to go about it. I'm as much of a leftist/anti-capitalist as it gets in my area, and I almost certainly agree with you on more things than the average american. If you can't even hold a civil conversation with me, how could you ever hope to convince anybody else?
But yes, most of this is based on a rather light understanding as I have already mentioned. I live in the U.S., a capitalist country that very intentionally does not allow workers to have free time. I have a disabled girlfriend that I take care of. The amount of time I have to myself that is truly free time is extremely limited. I'd rather spend that time playing video games and watching youtube than reading economics books. It's shocking, I know. And during the rare times that I am able to find the time/energy to read, I'd rather read science fiction, which rarely if ever goes into economic theory.
Again, they can't exactly just increase rent to pass off the tax.
How is investment in housing and zoning fixes not a form of better planning?
I disagree that it is just a bandage. But even if it was, I'd rather have a bandage than a fucking open wound like we have now.
If the government doesn't collect wealth in the form of a land tax, how do you suggest we do it?
Not to pester too much, but georgism, philosophically, seems entirely based in an attempt to find some liberal justification for a broad solution to many problems. It attempts to find some legal method within the assumptions of the capitalist system (ownership as it exists in capitalism being key) to mitigate the problems that the original assumption creates. Capitalism will just react and reform to its benefit around those new mitigations systems like it always does. But the georgists ideas remain limited to the set of possibilities that capitalists have limited debate to.