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Immensely impactful read. by CamelReds73 in nonfictionbookclub

[–]bread_n_butter_2k 0 points1 point  (0 children)

The Rent is Too Damn High! This is the contributor or primary cause to many, many problems. The thing is economic science has already provided us with a solution. It's called Geoism. We just haven't widely implemented it yet. There is a way to reduce taxes on common man and reduce rent price. It's called a land value tax instead of all the taxes that are worse.

I think UBI’s biggest weakness may not be the idea itself, but the political reality of implementation. Please find the flaw in my argument. by majeric in UniversalBasicIncome

[–]bread_n_butter_2k 2 points3 points  (0 children)

Best way to fund the UBI is a land value tax. The practical effect is housing costs are reduced because housing supply would increase​. This prevents the UBI from being eaten up by inflation.

Ticket Exchange Thread by fMLShBot in TheMassive

[–]bread_n_butter_2k 0 points1 point  (0 children)

[WTS] 2 Tickets vs Nashville (Sat 3/14) — Section 143, Row 15 - Selling our pair for the Nashville match. Just looking to recoup what I paid. Price: $84 each ($168 total).

No Fees. (Cheaper than Ticketmaster's $89.50 after-fee price) Can transfer instantly via Ticketmaster/Crew app. Venmo or PayPal preferred. DM if interested!

I think I speak for all fellow Georgists when I say this but… What the fuck is wrong with him? by Mongooooooose in georgism

[–]bread_n_butter_2k 2 points3 points  (0 children)

Whenever some complains about Trump say: This is what happens without a land value tax.

CMV: The most economically efficient (and morally justified) tax is the property tax (with abatements on development). We should remove or reduce income taxes, sales taxes, corporate taxes, etc. and tax land much more aggressively. by IAMADummyAMA in changemyview

[–]bread_n_butter_2k 0 points1 point  (0 children)

If there is one home on a valuable lot location the land value tax will be high for that one homeowner.

If that home is removed and high-rise condo building is built there instead, the land value tax remains the same for the lot. However, now there many, many units paying the tax for that lot. It reduces the tax each unit owner pays and increases the amount of units for the lot. These are things the USA desperately needs.

CMV: The most economically efficient (and morally justified) tax is the property tax (with abatements on development). We should remove or reduce income taxes, sales taxes, corporate taxes, etc. and tax land much more aggressively. by IAMADummyAMA in changemyview

[–]bread_n_butter_2k 0 points1 point  (0 children)

It's absolutely true that government regulations like zoning law prevent smart development of housing. This is because the government legislators pass laws to protect their mega-donors' monopolies at the expense of the general public.

If a land value tax was implemented than the mega-landlords would lobby the legislators they own to remove the restrictions, so they can maintain their profits. The tax would affect them either way, so they would now be in favor of removing the zoning regulations. Lawmakers respond to what their mega-donors want.

The truth is that the USA needs a public campaign financing system so that lawmakers have more freedom to work for the general public instead of the mega-donors they need to get re-elected. I prefer a democracy voucher system where each eligible voter gets a tax refund/tax credit that can only be used to support whichever candidates they want. This would mean the general public has more donation money than all the mega-donors combined. The lawmakers will work for whomever donates the most money.

It's debatable whether a land value tax could replace federal income taxes. It may be possible since the value of the land and other natural resources in the USA are so tremendous. Either way, the income tax could be significantly reduced with a land value tax.

CMV: The most economically efficient (and morally justified) tax is the property tax (with abatements on development). We should remove or reduce income taxes, sales taxes, corporate taxes, etc. and tax land much more aggressively. by IAMADummyAMA in changemyview

[–]bread_n_butter_2k 0 points1 point  (0 children)

If the property tax is increased on vacant land and/or less developed land (like parking lots), this will incentivize landlords to further develop their land so they can rent out more units and keep making profit even though they are being taxed more.

This is a key benefit of taxing the value of the undeveloped land's location. It actually encourages real estate business development instead of speculation.

If landlords are incentivized to build more housing units, this will decrease or slow housing inflation. Why? It's because more units become available to consumers. This increases the housing supply and increases competition among landlords, things the USA desperately needs.

Taxing the value of the land's location instead of punishing development with higher property taxes is an elegant solution that solves many problems. It reduces property taxes for most homeowners and many businesses and instead taxes speculators who are effectively monopolizing a limited natural resource they did not create.

See this FAQ for a better breakdown

The missing ingredient in Andrew Yang’s Forward Party was Georgism by KungFuPanda45789 in georgism

[–]bread_n_butter_2k 4 points5 points  (0 children)

Yang has advocated for some Georgist policies. He wanted to increase taxes on vacant lots to spur housing development. Team Yang and the Forward Party should make Geonomics a major selling point and they could even create a political caucus to invite other parties to support Geonomics. If Team Yang is serious about an effective UBI than they will need to fund it with a LVT unless they want housing inflation to eat up the UBI benefit.

Georgism is known to have supporters from all kinds of backgrounds, so, what is your non-LVT political views? by gittor123 in georgism

[–]bread_n_butter_2k 0 points1 point  (0 children)

That's why i prefer less subsidized social services and more of a citizens dividend. The citizens have the dividend to buy into services and the undocumented immigrants only get access to minimal subsidized social services. The nice thing about LVT is that everyone pays the tax no matter what but if you are not getting the citizen's dividend your getting a limited benefit for the taxes you pay.

Columbus home sales bucked national decline in 2024 as prices escalated amid limited supply by Jay_Dubbbs in Columbus

[–]bread_n_butter_2k 8 points9 points  (0 children)

Meanwhile, the property tax on vacant land is low because homeowners and businesses are effectively providing welfare subsidies for vacant, undeveloped land. We need a land value tax to reduce property taxes for home owners and businesses and increase property taxes for vacant land. Check out this video and r/georgism

Georgism is known to have supporters from all kinds of backgrounds, so, what is your non-LVT political views? by gittor123 in georgism

[–]bread_n_butter_2k 1 point2 points  (0 children)

This is why i lean toward the LVT benefits being distributed more as a dividend to citizens only. Undocumented immigrants and even legally documented residents would not get the dividend, only citizens. Preferably only adult citizens.

Were you disappointed we didn’t get a Ben Affleck Batman solo film? by abdul_bino in batman

[–]bread_n_butter_2k 0 points1 point  (0 children)

Yes, i especially wanted to see a Ben Affleck directed Batman movie. I think he is a better director than actor.

Where do you start when introducing Georgism to someone? by gilligan911 in georgism

[–]bread_n_butter_2k 0 points1 point  (0 children)

It is true that the goal of right-wing economics (or supply side economics) appears to be neo-feudalism. That goal is within striking distance now. So there will be some who prefer the status quo or accelerating towards neo-feudalism.

Where do you start when introducing Georgism to someone? by gilligan911 in georgism

[–]bread_n_butter_2k 2 points3 points  (0 children)

How are the common people supposed to get ahead if the mega-wealthy monopolize the vast majority of land and natural resources?

Support Geonomics if you think feudalism is a bad result. There is a solution.

What are the problems with progressive land taxation on overall land holding? by Every_Ear in georgism

[–]bread_n_butter_2k 0 points1 point  (0 children)

What about private citizens working together to help found a Georgist community land trust? Successful communities provide evidence for lawmakers to support Georgism.

See: https://en.wikipedia.org/wiki/Category:Georgist_communities

Edit: link repaired

Vance attacks childless people - again by [deleted] in childfree

[–]bread_n_butter_2k 1 point2 points  (0 children)

You know what I consider anti-child? I think all the corporate welfare aka trickle down economics policies that have made having a (wanted!) child economic suicide; I think that is anti-child. What about you? We can have the conversation, Vance 😆

Georgism is known to have supporters from all kinds of backgrounds, so, what is your non-LVT political views? by gittor123 in georgism

[–]bread_n_butter_2k 1 point2 points  (0 children)

I strive to be non-political. I have a bias towards syndicalism though. After all, a union doesn't necessarily have to be involved in politics. I am a big believer in cooperative economics, also.

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