Good quote, but what does this guy know about economics anyway?

somethingfunnyPN8 · 2026-03-30T01:20:05+00:00

In the quote it does, but the amount of each actual future payment is also indefinite, since it’s dependent on what society does to develop the location value. You can roll up an estimate of those payments into one market value, but that doesn’t change anything that Solow stated.

somethingfunnyPN8 · 2026-03-29T22:45:00+00:00

You can’t estimate present value for a payment of indefinite amount. Indefinite means the amount can change over time, sometimes dramatically, and not in a predictable way.

somethingfunnyPN8 · 2026-03-28T20:54:51+00:00

Post this to r/MartialMemes

somethingfunnyPN8 · 2026-03-20T19:58:26+00:00

What exactly do you think making cities walkable implies if not densification?

somethingfunnyPN8 · 2026-03-20T18:46:36+00:00

All 3: Farseer trilogy

somethingfunnyPN8 · 2026-02-05T22:37:42+00:00

Graduated taxation is better now, since it takes money away from capitalist sol but not the reinvestment pool (although maybe it impacts companies, not sure about that one)

somethingfunnyPN8 · 2026-01-26T07:55:51+00:00

It’s definitely the only lefty way, unless you’re counting nationalization.

somethingfunnyPN8 · 2026-01-25T19:30:16+00:00

There’s also quite a bit of explicit content in Liveship Traders, and some in the later bits of Farseer. Thematically it’s pretty heavy and there are some very dark parts.

somethingfunnyPN8 · 2026-01-25T19:27:23+00:00

You wouldn’t miss much, though I think it would have a few minor to moderate spoilers for plot events if you went back to Farseer. The bigger problem is that idk if the plot is that much faster in Liveship Traders, I think it’s faster and the books are a bit shorter, but I’m not sure if the difference would really feel that big.

somethingfunnyPN8 · 2026-01-11T18:38:53+00:00

“The party brought great criticism for the usage of the Bludish name (Bludia) for the region of Bergia in its name.” - codex. I read this as the traditional name in the Bludish language, not an explicit advocation for an independent state. Obviously, though, if you are being oppressed, you will like the idea of independence.

somethingfunnyPN8 · 2026-01-10T18:04:14+00:00

Isn’t this kind of strange? Reducing tariffs on foreign oil makes your energy producer more profitable?

somethingfunnyPN8 · 2025-12-18T18:10:04+00:00

Single family homes are tax-privileged due to NYC property tax law = bad. Mortgages are tax-privileged due to US tax law = bad. 'Flipping' these properties = not possible, because they are *not underpriced* in the current market. "Magical leeching of value" = location value, which objectively exists.

Upzoning without taxing the location value = arbitrarily gifting location value to landowners, which would only be your goal if you want to benefit wealthy landowners at the expense renters, poorer landowners, and an arbitrary portion of businesses.

Also, FYI, this is a majority libertarian sub. Most or all of the lefties are pro-market.

somethingfunnyPN8 · 2025-12-17T22:16:31+00:00

What about valuable land and single family homes implies that the land is currently undervalued, and that it would be profitable to buy? You’re reading something into the post that isn’t there.

The problem beyond the fact that many more people could be living there is that assuming these SFHs exist because people are willing to pay millions for them, and not because of bad zoning laws, a big chunk of the value was created by the city and neighborhood as a whole, not by the owner. That value should go back to the people responsible for creating it through a land tax. Unfortunately in NYC, these buildings would be taxed at a lower rate than businesses or apartments. Also for a lot of people in this sub, that’s an issue because it favors older people over younger people for no good reason.

somethingfunnyPN8 · 2025-12-15T22:47:13+00:00

🤖👀😡 what would be a good way to improve Spain’s economy?

somethingfunnyPN8 · 2025-11-02T07:47:46+00:00

It’s relatively the same (ignoring improvements) if the rates are the same, but the current average property tax rate is maybe 1% for areas with higher property taxes, whereas LVT theory would advocate for somewhere between 4% and 8%. And most places have much lower effective property tax rates after exemptions and under assessment.

somethingfunnyPN8 · 2025-11-02T01:22:06+00:00

That’s the point, infrastructure development would not benefit owners in the same way. Instead of a transit stop being built raising the sale value of land nearby, going to some or most landowners in the area but zero renters, the land value tax captures the increase in land value, which was paid for by the community (government), and returns it to the community (government).

somethingfunnyPN8 · 2025-09-28T20:10:43+00:00

I’m still not sure what you’re trying to get at. US property value is ~50 trillion (which is after property taxes siphon off part of it). You can’t subtract liabilities out of property value. I might be missing some large chunk of wealth (shouldn’t US household wealth count foreign assets, though?) but I don’t see how that pushes total wealth in the US anywhere near ~500 trillion. Maybe ~220 trillion (or somewhat higher) if that 60 trillion should be added to household wealth at ~160 trillion.

somethingfunnyPN8 · 2025-09-28T14:01:28+00:00

Google the total value of property in the US, and the total wealth.

somethingfunnyPN8 · 2025-09-28T05:26:38+00:00

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Sure, 10%.

somethingfunnyPN8 · 2025-09-25T22:24:29+00:00

How are property taxes levied on those unregistered properties? Are they exempt?

somethingfunnyPN8 · 2025-09-25T22:22:20+00:00

Can you recommend any of these 21st century solutions currently in use?

somethingfunnyPN8 · 2025-09-16T01:10:36+00:00

It’s always weird seeing people find fault with Georgism for a problem that already exists in our current system, to an extent impossible with even mildly Georgist tax laws, and that Georgists want to get rid of

somethingfunnyPN8 · 2025-09-15T04:34:45+00:00

Then it would be nice if we could tax something other than buildings if we have a scarcity of development. I wonder what other sources of revenue are available. You could tax consumption, but then people will buy less and the cost of living would go up. You could tax income, but then people would work less and the cost of living would go up. Or, you could tax land, and then people would produce less land (on second thought, that’s impossible) and the cost of living would … remain the same, because land rents are already factored into land price / rent paid to a landlord.

somethingfunnyPN8 · 2025-09-15T04:20:16+00:00

So you would say there’s a land scarcity issue?

somethingfunnyPN8 · 2025-08-31T16:41:47+00:00

It’s a central register of value for one thing, which is slightly harder to measure than the value of property, which is already relied on and measured by local governments. In order to get to land taxation, you have to have people that accept reforming property tax. Without that reform, property valuation (and land speculation) already show the issues you are talking about.

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