Fried_out_Kombi @ Fried_out_Kombi @lemmy.world

embedded machine learning research engineer - georgist - urbanist - environ

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2 yr. ago

I think part of the problem is that what we refer to as landlording includes two separate roles: landlording and property management. The former isn't a legitimate job, gathering its profits from economic rents borne of land and housing scarcity, while the latter is a legitimate job, earning its profits from the labor of managing and maintaining rental housing.

And so with a sufficiently high LVT, approaching the full rental value of land as Henry George proposed, and a much more YIMBY regulatory environment, I think we would likely see landlords converge towards being mere property managers.

That said, you are fully correct that the non-zero costs of moving would still give landlords a little leeway to rent-seek, and I'm curious what solutions may exist to remedy that.

Regardless of whether it 100% solves landlording, I do think LVT and YIMBYism do largely solve real estate "investment" as the meme talks about. Since LVT and abundant housing stop the "line goes up" phenomenon, and LVT in particular punishes real estate speculation, I think they would largely, if not entirely, eliminate the phenomenon of people buying up land/property just to resell later after appreciation. Because, well, housing wouldn't appreciate under a sufficiently heavy LVT and a strong YIMBY regulatory environment.

Land value tax would fix this

And abolishing exclusionary zoning, parking minimums, and other anti-housing land use policies

Just today I saw this list of the largest tram networks in history: https://en.m.wikipedia.org/wiki/List_of_largest_tram_and_light_rail_transit_systems_ever

The largest existing one is Melbourne, at a little over 250 km of tramways. Los Angeles at its peak had over 1700 km of tramways.

Truly insane what we tore up. A crime against humanity.

My main issues with vacancy taxes are three-fold:

1. The cities with the worst housing crises are typically the ones with the lowest vacancy rates. This makes sense, as if vacancy rates are super high, potential tenants have a lot of negotiating power against landlords, so they can demand lower rents. When there are very few vacancies relative to the number of prospective tenants, landlords have all the negotiating power and can demand high rents.
2. Vacancy tax focuses on shuffling ownership of existing units and doesn't do anything to encourage densification and development. Own a detached single-family home right next to a metro station in the middle of Manhattan? So long as someone lives in it, you pay no vacancy tax, despite the fact it's clearly a massive waste of some of the most valuable land in the world.
3. It's easier to evade and thornier to implement. For instance, there are a lot of "statistics" thrown about regarding "millions" of vacancies, but many on-paper vacancies aren't what you or I imagine. For example, "vacant" technically includes student apartments where the student lists their parents' address as their permanent address. Getting back to the point, if you can just on-paper claim a unit is occupied, you can evade the tax, which means the government then needs to actually go out and check if someone us actually living there at least 180 days out of the year, which is way harder to enforce.

Altogether, vacancy taxes are a pretty marginal solution, and I think our focus is much better spent on land value taxes and YIMBYism (e.g., zoning reform).

What about Henry George, then?

Henry George (September 2, 1839 – October 29, 1897) was an American political economist and journalist. His writing was immensely popular in 19th-century America and sparked several reform movements of the Progressive Era. He inspired the economic philosophy known as Georgism, the belief that people should own the value they produce themselves, but that the economic value of land (including natural resources) should belong equally to all members of society. George famously argued that a single tax on land values would create a more productive and just society.

Personally, I think our philosophy of taxation should be "tax what you take, not what you make".

Because there's finite land on Earth and nobody has created it, you occupying any parcel of it necessarily denies others from its benefit. Hence, a land value tax in proportion to the value of land you have taken from the rest of society.

Similar for finite natural resources. There are finite mineral deposits, finite oil deposits, finite phosphate deposits, etc., and anyone who extracts them takes something from the rest of society. Hence, we ought to have a severance tax in proportion to the value of the resource you have taken from the rest of society.

And also similar for negative externalities. When you pollute a river or the atmosphere or cause any other negative externality, you are forcing those around you to bear some of your costs, that is you are taking value from them to give to yourself. Hence, we ought to have externality taxes (aka "Pigouvian taxes") in proportion to the amount of harm you have caused to society.

Further, I think taxing along this principle leads to the best overall outcomes, not just from an abstract sense of "fairness", but from pragmatic economic outcomes.

Take land value taxes: economically speaking, LVT is just a great tax with great properties that has seen great empirical success.

Or severance taxes: Norway has used them brilliantly to solve the resource curse.

Or Pigouvian taxes: basically all economists agree carbon tax-and-dividend is the single best climate policy.

But yeah, absolutely everything else should be tax-free. The government shouldn't even be tracking your income, much less taxing you on it. Tax the land hoarders and polluters instead.

This can probably answer your questions.

A key idea of land value taxes is it's on land value, rather than land area. Urban land is faaaaar more valuable than urban land on a per-acre basis, so someone who owns 1 acre of land in Manhattan will pay vastly more than a farmer who owns 1 acre in rural Nebraska.

As for appraisal, we already sorta do this with property taxes, as property taxes tax the land value + improvement value. With land value taxes, we simply seek to tax just the unimproved land value. Why? Property taxes can disincentivize development and incentivize land-hoarding and speculation. In contrast, even a milquetoast land value tax has been shown to reduce land speculation.

Good solution is to tax land. The land value tax cannot be passed on to tenants, both in economic theory and in observed practice.

Plus, it's just a super good tax. Progressive, hard to evade, super efficient, incentivizes density and disincentivizes sprawl. It's so good that economists of all different ideologies agree, from free-market libertarians like Milton Friedman to New Keynesians and social democrats like Joseph Stiglitz.

We should be taxing land, not labor.

Plus, no human created the Earth, so why should we be able to place arbitrary boundaries upon entire regions of it and restrict others from crossing them based solely on their having been born in a different closed-off region of it?

There is no moral or logical argument in favor of anything but moving towards global freedom of movement one day.

Back when I was in my first year of uni, I applied for a part-time job on indeed. Found out it was a scam when they wanted to pre-pay me with a too-big check and have me transfer the difference to some other account. I noped right out of there.

For those who might be unaware, the scam is they send you a fraudulent check, but it might take a few days to be discovered as such by your bank. But in the meantime, the amount shows up in your account and you transfer the money they tell you to (which is a legitimate transfer). Then, when the bank discovers the check was fraudulent, they remove the amount from your account, but you're left high and dry because you can't undo the transfer because the transfer you did was legit.

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.

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.

I moved from California to Montreal a few years back to study, and now I'm staying for good. I tried duolingo on and off for far too long, but I found it super uninteresting and hard to remain committed to.

Best strategy I've found is called comprehensible input. The idea is to find books or other reading material that you can get the basic gist of when reading, despite not understanding every single word and phrase and grammatical construction. The more you read, the more you'll find yourself able to understand, which is also very motivsting!

Also, make sure it's material that actually interests you. The idea is it's better to read extensively, reading things that actually interest you to some degree and keep you mentally engaged, than to just really intensively study a much smaller amount of (less interesting) material.

This actually mirrors how we acquire languge. The idea is to intuitively understand French by having seen a lot of it rather than to basically memorize French. You ultimately want to be able to glance at a sign, for instance, and just know what it means without having to translate in your head.

Some resources I found useful were these French illustrated books in Dollarama, but even better is a series of books designed to be comprehensible input by Olly Richards. He's a native English speaker and polyglot who has written a bunch of graded readers that gradually increase in vocabulary and difficulty. He has several books for French, including beginner short stories, intermediate short stories, beginner conversations, intermediate conversations, climate change, WW2, and philosophy. The nice thing is he actually does a good job of making the stories and content interesting to an adult learner, unlike the children's books at Dollarama.

Even his beginner books might be a little too advanced for your level so far, though, from what you say. If they are, it'd be best to find some material at a lower level that you can understand a little better. After all, if it's too hard for you, it will make the process much slower and less enjoyable, which will make it much more likely that you quit. You could even simply try googling "french comprehensible input" to try to find material suitable for your level.

One last resource is the government of Quebec offers free in-person courses for immigrants and many French learners. They are part-time, and they offer multiple options for hours per week, so you could pick what works best for you. It would be worth checking to see if you might qualify for those courses once you move here.

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.