Once again, may I introduce you to GEORGISM.
Please, I know lemmy is a bit left leaning, and georgism are mostly libertarians/liberal, but the ideology is so centrist and common sense I'm sure even far left communist advocates can get behind it.
Once again, may I introduce you to GEORGISM.
Please, I know lemmy is a bit left leaning, and georgism are mostly libertarians/liberal, but the ideology is so centrist and common sense I'm sure even far left communist advocates can get behind it.
Can you give a TLDR for this if possible
Georgism is an ideology broadly based on taxing the full value of land, in order to prevent rentseeking.
So rather than taxing people for the property they built/bought, you tax the land which no one made.
The value of the land is based on the progress society made in that area, so when you tax the full unimproved value of the land, you prevent landlords from essentially leeching on the results of society progress that they did not directly contirubute to.
You can still buy land, but when you do you must pay full rent to the government, so technically, if the government did own all the land and lease it out for rent, it would be goergist in practice(but not in spirit, since goergism wants to protect property rights)
It boils down to property tax as a means of preventing land accumulation and tax revenue generation.
https://en.wikipedia.org/wiki/Georgism
I don’t see how that would have worked even when it was invented.
Right now you can see how the rich own all the land and have no need to use or sell it. This way they create a shortage and can charge a higher price for the land they use or sell. IMO the only way to break this up to stop charging property tax at all - because all land ownership goes back to the state. If someone wants to use land they rent it from the state. If they do not use or misuse rented land the land goes to a different renter (or to the state).
When I married my wife and she moved in we tried renting out her house with a property management company. She got one tenant and had that tenant for over 2 years with no complaints and we never raised the rent, just enough to cover taxes going up too.
But when we wanted to move to a larger house we gave her an 8 month notice we couldn't renew since the market is so bad and we needed to sell. And my wife wasn't profiting at all, she was still in the red from the repairs and setting up the house to rent out. We offered her like $10k off the price.
Anyway long story short, the tenant gave us hell for those 8 months, and when she moved out we found she never complained about anything because she ignored all the problems which made things worse and the house needed thousands of more dollars to prepare and sell.
She'll never try being a landlord again, she hated it and the tenant shit talked her "landlord" on Facebook all the time like she was some evil monster.
I don't know how anyone else does the landlord thing, this must be all the ones run by evil corporations.
This was a house my wife bought for like $150-180k originally.