embedded machine learning research engineer - georgist - urbanist - environmentalist
Plus, every dollar spent on Ukraine buys a lessened chance of other nuclear powers trying to invade their neighbors willy-nilly. If Russia is allowed to just invade whomever they want with minimal pushback from the world, that just emboldens more wannabe Putins to start wars of aggression or worse, build up nuclear arsenals.
Exactly. I rode an ebike one summer to commute to an internship. The sweat factor alone meant I never would have done that by regular bike, as I would’ve arrived at the office sweating like a pig.
On the other hand, a car has far greater maintenance costs. The car has license, insurance, maintenance, gas, parking, etc., whereas an ebike is basically free in comparison. Electricity to power an ebike is pennies, and maintainance is a few basic tools and a new tire or inner tube on occasion.
With all the money saved, you can just rent a car for the handful of days the ebike genuinely is not sufficient.
It’s so clear that the GOP is flailing. They’ve only won a single presidential popular vote since 1988. Old white people are dying and brown kids are reaching voting age. Young people at large are overwhelmingly fed up with the GOP. They are losing the demographics game big time, and I think they know it.
And I think the GOP base knows it deep down, too, and I think Obama was really emblematic of it. Suddenly, they had to wake up to a country that was rapidly shifting, a black man was president, gay people were getting rights and becoming broadly accepted in society, people were starting to talk about racism as an actual problem again, movies and advertising were getting more diversity, trans people were getting rights… And I think this deeply unsettled a significant chunk of the population who felt like their control over America was waning, hence the Tea Party, hence the MAGA movement.
This fascistic movement we’re seeing from the GOP isn’t logical at all. It’s losing them elections left and right, but if they don’t pursue this, they lose all their primaries, because this movement is about the Republican base lashing out over them losing demographically.
Honestly, Adam Smith gets a worse rap than he deserves because all the rich people abused his ideas to peddle unregulated, free-wheeling capitalism. Even Smith knew the inherent danger of privatization and monopolization of land and rampant rent-seeking.
Kinda like how Nietzsche’s sister exploited and misrepresented his work after his death to further the Nazi cause.
It seems to be a common thing with a lot of the classical economists that they all recognized (and wrote quite a bit about) these problems of monopolism and rent-seeking, but wealthy elites cherry-picked their books to serve their own economic agenda.
You speak a lot about “means of production” for someone who has not once uttered a single word of concrete, tangible solutions in this entire thread. I’m out here posting sources, data, policies, and actual solutions that would measurably improve people’s lives, while you’re here larping online, doubling down on your bigotry against sexual minorities, and doing zero praxis.
It’s a libertarian who had his land taken by agribusiness.
Certainly one of the takes of all time.
fursona
I’m no furry, but this is honestly very rude and condescending towards people with that kink. Not sure why you thought that bigoted, conjured-from-thin-air jab was necessary. Maybe don’t be a bigot towards sexual minorities online?
You know those words in that order are talking about slavery right? The ownership of labor in private hands?
Just because you say it confidently doesn’t make it true. Read a little bit about the factors of production. Here, private ownership of labor means the value of your own labor is yours, rather than taxed away (such as via income taxes) or otherwise expropriated by the state.
And yes, of course I’m skipping over a lot of nuance in the difference between communism and socialism, but this is the highest level distinction. Much like there’s a heck of a lot different between humans and E. coli, but the highest level distinction is that one belongs to the domain bacteria and one belongs to the domain eukarya.
You said yourself you support private capital.
And I also said I support social ownership of land and natural resource, either directly with government leases or indirectly via taxes, which is very much not a capitalist/libertarian viewpoint by any stretch of the imagination. Very convenient of you to leave out that half, isn’t it?
And considering Georgism diverges from capitalism at the highest level of categorization, well, let’s just say your pet theory that “georgism = capitalism” falls rather flat. To continue the biological analogy, it’d be like if you said the domain archaea is actually just a subset of bacteria based solely on the fact that you had pre-decided that you think bacteria and eukarya are the only two domains of life. Or if you said all fungi were actually plantae because you pre-decided that you think plantae and animalia are the only two kingdoms of eukarya.
Very bold opinion on the categorization of an entire economic ideology for someone who, far as I can tell, literally never heard of it until today.
I’m not sure if you’re aware, but one of the most basic ways to categorize economic ideologies is based on who owns what factors of production, i.e., who owns land (including natural resources), labor, and capital.
Broadly speaking, communists believe in social ownership of all three, socialists in social ownership of land and capital, and capitalists in private ownership of all three. Within this framework, Georgism falls squarely on the belief that land should be socially owned (either directly by the government and leased out kinda like Singapore does or indirectly via “full” taxes on land, negative externalities, severance, etc.), while labor and capital ought to be privately owned. Thus, it is equally incorrect to describe Georgism as either socialism or capitalism, as it is simply neither.
Unlike libertarians, neoliberals, and capitals, Georgists view monopolies and private ownership of land as basically satan. That’s a pretty dang big difference.
How would you feel if I attempted to reduce down the wild complexity of leftist ideologies – everyone from syndicalists to market socialists to distributists to demsocs to Marxists – into “lmao a bunch of Pol Pot supporters”? Pretty silly and reductive, isn’t it?
Lol what?
You keep on trying to put me into little ideological boxes so you don’t have to engage with a new-to-you economic ideology.
And for the record, libertarians are dumb af and almost uniformly oppose the Georgist vision of land. And carbon taxes. And severance taxes. And unions. Andl YIMBYism. And IP reform. And so many other Georgist ideas that neoliberals and libertarians typically hate.
It’s especially funny because libertarian types love to call us land commies. Clearly we can’t simultaneously be libertarians and land commies…
Your thing, neoliberalism
Except I’m not a neoliberal. Total strawman.
Rather I’m a Georgist:
Georgism, also called in modern times Geoism,[2][3] and known historically as the single tax movement, is an economic ideology holding that, although people should own the value they produce themselves, the economic rent derived from land—including from all natural resources, the commons, and urban locations—should belong equally to all members of society.[4][5][6] Developed from the writings of American economist and social reformer Henry George, the Georgist paradigm seeks solutions to social and ecological problems, based on principles of land rights and public finance which attempt to integrate economic efficiency with social justice.[7][8]
Georgism is concerned with the distribution of economic rent caused by land ownership, natural monopolies, pollution rights, and control of the commons, including title of ownership for natural resources and other contrived privileges (e.g., intellectual property). Any natural resource which is inherently limited in supply can generate economic rent, but the classical and most significant example of land monopoly involves the extraction of common ground rent from valuable urban locations. Georgists argue that taxing economic rent is efficient, fair, and equitable. The main Georgist policy recommendation is a tax assessed on land value, arguing that revenues from a land value tax (LVT) can be used to reduce or eliminate existing taxes (such as on income, trade, or purchases) that are unfair and inefficient. Some Georgists also advocate for the return of surplus public revenue to the people by means of a basic income or citizen’s dividend.
For reference, several historians credit Henry George’s publication of Progress and Poverty as defining the start of the Progressive Era:
Progress and Poverty, George’s first book, sold several million copies,[1] becoming one of the highest selling books of the late 1800s.[2][3] It helped spark the Progressive Era and a worldwide social reform movement around an ideology now known as ‘Georgism’. Jacob Riis, for example, explicitly marks the beginning of the Progressive Era awakening as 1879 because of the date of this publication.[4]
For real. I can’t name a group more gleefully sinful and un-Christ-like than the modern GOP.
It’s difficult, yes, but our society has fought and won battles against vested interests before. Good policy can be fought for and achieved, as evidenced by basically every successful country on earth.
I just want to advocate for good policies in this thread so that we can solve some of our problems. In my experience, a lot of people can identify that there is a problem with the landlording class, but many people don’t know a whole lot about the underlying reasons why this dynamic exists or what we can do policy-wise to fix it.
the parasitic relationship between landlord and tenant
This is also part of the goal of land value taxes. If we all can agree that landlords’ hoarding and monopolization of finite land is what allows them to extract unearned profits from the rest of us, the land value tax is the mechanism to reclaim those rents. The idea is to turn landlording – a position of power and privilege with access to economic rents – into mere property management – a regular job where you earn income based on the labor you do in maintaining properties.
In Bibi’s eyes, every day that Hamas continues to exist is a good day. If Hamas ever ceases to exist, Israelis might go back to questioning his corruption charges.
How so? Land value tax is just supremely good tax policy, and we should be striving to replace our broken property tax system with it.
Any progressive tax system that incentivizes new housing development, disincentivizes speculative land holding, empirically makes housing cheaper, and cannot be passed on to tenants is an absolute win in my book.
drop property taxes on occupied buildings by 17%
As they should. Property taxes are broken and enable land hoarding and speculation.
raise taxes on unoccupied land
Not quite. The point is to raise taxes on the unimproved value of land. For example, two identical lots with the same underlying land value – one vacant and one with an apartment building – would both pay the land tax, but it would be the same amount. They key idea being to heavily incentivize the owner of the vacant lot to do something with it (like build housing) rather than just sit on it as a speculative investment. It should cost speculators money to keep valuable land idle.
Even a quite milquetoast land value tax, such as in the Australian Capital Territory, has been shown to reduce speculation and improve affordability:
It reveals that much of the anticipated future tax obligations appear to have been already capitalised into lower land prices. Additionally, the tax transition may have also deterred speculative buyers from the housing market, adding even further to the recent pattern of low and stable property prices in the Territory. Because of the price effect of the land tax, a typical new home buyer in the Territory will save between $1,000 and $2,200 per year on mortgage repayments.
Detroit is trying to, largely at the behest of their mayor, Mike Duggan. Detroit would especially benefit from the proposed tax, as it has a ton of vacant land, much of it owned by the ultra-wealthy Illitch family:
Ilitch Holdings has been criticised for leaving many properties in Detroit untenanted, allowing them to decay, and for demolishing historic buildings and leaving lots empty, or only using the lots as car parking, rather than developing them.[11][12][13][14][15]
Exactly. We shouldn’t have to rely on our landlord being a decent person. We should live in a housing market where landlords have to take proper care of their properties or else face vacancy. It should be an actual competitive market, where landlords have to compete to attract tenants, rather than tenants compete to attract a landlord. The negotiating power imbalance is completely wack in so many cities.
They are taxed, but I think they could be taxed more and better. Specifically, I — and many others, including many an economist — think we ought to be implementing a land value tax.
Why LVT and not just leave it to income taxes? In short, LVT is just a really good tax. Progressive, incentivizes efficient use of land, discourages speculation and rent-seeking, economically efficient, and hard to evade. Plus, critically regarding landlords, land value taxes can’t be passed on to tenants, both in economic theory and in observed practice.
In fact, it’s so well-regarded a tax that it’s been referred to as the “perfect tax”, and is supported by economists of all ideological stripes, from free-market libertarians like Milton Friedman — who famously described it as the “least bad tax” — to social democrats and Keynesians like Joseph Stiglitz. It’s simply a really good policy that I don’t think is talked about nearly enough.
Even a quite milquetoast land value tax, such as in the Australian Capital Territory, has been shown to reduce speculation and improve affordability:
It reveals that much of the anticipated future tax obligations appear to have been already capitalised into lower land prices. Additionally, the tax transition may have also deterred speculative buyers from the housing market, adding even further to the recent pattern of low and stable property prices in the Territory. Because of the price effect of the land tax, a typical new home buyer in the Territory will save between $1,000 and $2,200 per year on mortgage repayments.
The only principle the GOP has is whatever they think will win them the current argument. Asking for any ideological consistency from them is tilting at windmills.