/biz/ - Business & Finance

>>9624756
It's one of those land tax arguements. There are a lot of people that think land taxes are the be all and end all to replace sales and income taxes.
For example in one case you choose your own property tax based on what you feel your property is worth, catch being if someone offers you that amount you have to sell it to them, so everyone has to pay above market rates in tax or risk being forced to sell their home.

>>9624797
Sounds terrible

>>9624797
Do you remember when did he talk about this? Sounds interesting
I tried googling but got no relevant results whatsoever

Bump

Bump

>>9624878
here is his blog post on it

https://vitalik.ca/general/2018/04/20/radical_markets.html

>>9625573
Thanks desu, will read rn

reddit lacks inner thoughts of their own, therefore they're literally unable to understand the process of building economic models incrementally through the exploration of an idea
must be hell to be vitalik, half of his public talking boils down to finding ways to dumb down his thought process enough so people won't get upset
incidentally, he explicitely spelled out he sees the impracticality of harberger's taxes for housing. but if you can't trust retards to understand a tweet, good luck getting them to read a blog post. the mind of a retard works through picking a position just like you would a sports team, and sticking with it forever, so the concept of consistently reevaluating your beliefs to reach the perfect position is not only alien to them, it's outright offensive

>>9625873
>the mind of a retard works through picking a position just like you would a sports team, and sticking with it forever
You are talking about upper-middle class shiteating ideologues sweety

>>9625923
i'm talking about 99% of the moronic apes that walk this earth and pretend they're human. poor, rich, white, black... different percentages but majority retards all the same

>>9624797
fuck thats actually quite clever. Can someone tell me why this wouldnt work?

>>9624797
It is worth noting that Vitalik is literally a communist jew. He has been to Israel on his birthright trip.

>thinks you deserve to lose your home overnight if someone else can pay more for it

thats how the world work, but you could just own the house yourself, instead of living in an apartment, reddit retard

>thinks cp is fine
vitalik was only refering to the possesion of cp
there's a difference between actual child rapists and watching an arrangement of pixels on a screen, but reddit seems to think the latter is worse

>>9625962
Imagine this was the case and there was sudden unexpected hyperinflation. You'd be forced to sell your house and the money you get wouldn't even be enough to rent for a year.

>>9625962
Because any rich asshole could extort you with threat of buying your house and could simply take your house and everyone in the area if they or some company decided they wanted to build there.

>>9625975
>Just own the home yourself
This was Vitalik making a point that he thinks home owners should face the same uncertainly that renters feel. You only own your home so long as nobody offers more for it. You have zero security that someone won't buy your house from you the next day leaving you on the street.

tax is theft and vitalik should know better

>>9625975
Vitalik isn't talking about rent. He's talking about a land value tax that works something like this:
The government decides it is going to tax property at 4% a year. It allows the owner to determine their own property value. So let's say a 300k house, so you set it at 300k. Anyone else in the economy is able to buy your house at 300k at anytime. If you don't want to sell you need to raise the property value and thus the yearly taxes you would pay. You don't have a choice you either lose your property or need to pay outrageous taxes.

You know those dumb commie arguments where they imagine a world in which one monopolist is able to buy up all the land, this is how they would accomplish it.

>>9625939
The treating position thing is a desire to belong to any group, and sticking to opinions would be done if one can't find a community in regular places, like in a family, church or a sports team.

It's a desire to belong for safety of a group more than idiocy. You have very smart people being ideologues.

>>9626032
So then people could just make fake offers on your house out of spite to make your taxes go up. Fuck that.

>>9626098
Also consider situations like the whole Chinese invading Canada thing. Now imagine that they don't have to convince anyone to sell and you either kill yourself with taxes or have your house stolen from you as everything nearby is also bought up and priced outside of your range.

Vitalik is a good programmer but a dumb faggot when it comes to anything else.

>>9626098
No once they make the offer it is too late for you to raise the price, it is sold to them. You need to preemptively raise the price of your property to avoid it being sold.

>>9626126
>brainlet cope

it destroys one of the central points of owning land which is certainty and as such all of the land in the world loses prospective utility and general satisfaction is lost.
it ignores the effect that would come onto all capital and labour wherein resources would have to be allocated to ensure greater mobility of everything
it ignores that value is continuously variable and that the fundamental use of prices to the people in the transaction is that they're agreed upon at the point of trade
many of the world's resources would be allocated into a massive bureaucracy to continuously update house listings so as to minimise tax revenues and probability of being evicted without notice
it would be much quicker to submit a request to buy than to submit a request to change the price (this must be so for it to work), and so you will have more people employed as speculators of land to put in the market offer for land as soon as its prospective value rises

it also ignores that tax is theft, resources would be allocated to thieves, and resources would be drained into projects that do not need to satisfy the desires of producing individuals in order to survive

it's an awful idea.

>>9626149
I'm waiting on a rebuttal sweetie.

>>9626184
it also ignores the fact that it will never actually be a "land" tax due to the impossibility of decoupling the value added of capital and land factors on plots where the couple are inseparable without cost.

>>9626230
central planners don't care, they have their utopia and your rights are getting in the way.

>>9625573
Can't believe gay ass Vitalk knows about Georgism. I made a georgist thread the first day /biz/ was live and it got deleted.

>>9626133
>No once they make the offer it is too late for you to raise the price, it is sold to them. You need to preemptively raise the price of your property to avoid it being sold.

That's even worse.

>>9626252
What is worse is when the government starts sending out agents to make high offers on houses they know won't sell in order to get more tax money.

>>9624756
corecucks are literally seething lmao

>>9626274
No what would happen is politically connected corporations would have protections and would end up owning everything.

>>9626198
The fact that you don't understand something produced from the mind of a person like Vitalik without the ability to dissect it is the definition of brainlet cope.


Just continue to call him a faggot. Will make you sleep better.

>>9626320
That isn't a rebuttal dear.

>>9626330
>extreme butthurt

>>9626339
Whatever you say sweetie. I will be waiting on that rebuttal. You can get around to it whenever dear.

>>9626352
https://www.youtube.com/watch?v=ok2uR3btMrE

This video explains the concept what people who support Land Value Taxation as a replacement for other forms of taxation.

>>9626371
People also support communism dear. You don't think that is a good idea do you sweetie?

>>9626014
he is an idiot - this confirms it

immenent domain government can come take your land house and everything already if they need to put a road there for the greater good utilitarianism

>>9624756
>wasting your time trying to understand why plebbitors are retarded
no thanks

>>9626445
Yeah and that is absolute bullshit when it is one entity being able to. Any random fuck being able to is cancer especially because of all the mind games, fraud and extortion that would go in. It would all inevitably end up in the hands of corporations that agree not to infringe on other corporations holdings.

>>9625962
>I make more money than you
>Hey Mr. Anon, either you pay me 10K right now or get ready to move
>repeat x times
>use seed money to start demanding 50K from higher incomes
>repeat x infinity
>easiestmoneyofmylife

You are beyond goddamn retarded if you think this is a good idea.

>>9625873
Great post. Capped.

>>9625962
I would use my money to put poor people on the streets

>>9624756
Never forget.
Regarding CP, it was a tweet answer of him implying that it was not a big deal to be in possession of CP on your computer.

>>9627823

He has a point. What people really need is access, not ownership

>>9625923
>You are talking about upper-middle class shiteating ideologues sweety
yeah, he just said reddit

>>9625962
I would intentionally make everyone around me homeless just to prove a point. I'm not even that rich.

>>9626371
The other guy is playing you retard

>>9626378
go fuck yourself baiting faggot

>>9627871
People like their homes anon, they want to keep living in it. So if you really wanted to keep your house you would have to value it for 2x retail or more or risk ir getting taken away.

Then you have to enjoy paying really high taxes on that. It's a very pro government stance and horrible for the people. What we need is cheaper ways to make quality housing for people