Comments by "Wandering Existence" (@WanderingExistence) on "Can We Make Houses Affordable... Without Destroying the Economy?" video.

  1. Henry George was also in favor of taxing all types of natural resources. Alaska has been doing a UBI since 1982. It is funded by charging oil companies fees to extract oil from their land. We shouldn't let corporations be extracting and excluding natural resources for free, they should be paying for value that the citizens are entitled to! Divvy up the revenues into a citizen's dividend and pay people for being a part of a country that generates economic value.
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  2. "The rent of land, therefore, considered as the price paid for the use of the land, is naturally a monopoly price. It is not at all proportioned to what the landlord may have laid out upon the improvement of the land, or to what he can afford to take; but to what the farmer can afford to give." — Adam Smith, An Inquiry into the Nature and Causes of the Wealth of Nations, Book I, Chapter XI "Of the Rent of Land"
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  3.  @luchain771  This concept of being small government against taxes is interesting when governments literally hand out deeds- do you remember what Manifest Destiny was? Nobody created natural resources. According to Locke's theory of capitalist acquisition things are acquired through Labor. Locke created the Lockean Proviso to discourage over usage, but you have to realize he was writing in the 1600s... 190 years before Henry George. Capitalism has always had this idea baked into it, but capitalists have this interesting tendency to ignore capitalist morality in favor of capitalist profit... Who would have thought that would have been the case from a system dictated by the profit motive.
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  4. The cool thing about land value taxation is it doesn't charge you more for adding more value in construction... You can add so much more value and just pay the same amount of tax on the land.
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  5. ​ @tyler0506  Many Nordic countries subsidize the exploration of the oil and charge companies to extract their oil. They then put these revenues into sovereign wealth funds that invest into companies across the world and this investment strategy helps provide a social safety net for the population. I'd be very much in favor of sovereign wealth funds if they invested in cooperative enterprises instead of investing in the current harms of capitalism, but that's a long thread to unravel.
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  6.  @rchot84  Compliance is not the issue. Compliancy to environmental regulations is to decrease negative externalities, this is an entirely different concept that relates to the extraction of natural resources.
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  7. ​ @SantinoDeluxe  Sounds like a cash crop 🤑
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  8.  @christianmoore7932  🤦🤦 Natural resources rents don't easily get past onto consumers because the burden of taxation is more on the supplier with inelastic supply. Because oil production can be sort of elastic I will say that some taxation will be born by the consumer, but not most of it. This taxation doesn't stop corporations from extracting over 160 million barrels of oil annually from Alaska.
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  9.  @luchain771  What rights? I literally just said that people were entitled to the equal right to natural resources🤦🤦🤦 Let me guess you have no concept of Rights outside of private property rights, civil rights be damned.
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  10. 🤦 It's a different concept. Property tax includes the value of built structures, land tax only taxes the value of land. It allows structures to be invested in and built without being taxed, this incentivizes construction while disincentivizing use of land. As such it helps create higher density housing, which helps increase the amount of supply on the market, leading to decrease prices.
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  11. 🤦🤦🤦 There are more peopleless homes than homeless people. Creating more government-funded construction is just going to lead to more rich people owning homes if you don't create progressive taxation, or disincentive, on excessive utilization of the housing supply. You're just inflating the landlord/ bank ownership market.
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  12. NMBY
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  13. MAGA = Make America Georgist Already
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  14.  @ChampagneandWaffles  You've completely missed the point, nobody created natural resources and therefore nobody should have private claim to their value. It should be every citizens value.
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  15. Land value tax basically makes Land stewardship private and land ownership public.
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  16.  @ChampagneandWaffles  You just explained how it is, you didn't explain why it should be that way. There are economic and moral reasons for sharing the earth. You didn't create natural resources. "I own it, so it's mine" 🤦🤦 Ok, and the government charges you property and income taxes ... So that tax money is theirs not yours. I bet you love your taxes.
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  17. Land is priced lower where there is less demand. An acre of land in Manhattan would be taxed way more than an acre of land in Kansas.
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  18. I think it's up to municipalities to decide whether they want to tax improvement value, but I think land tax should be a mainstay of our economic system.
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  19. Who's gonna steal this white elephant?
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  20.  @aluisious  UBI pairs nicely with cooperativism.
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  21.  @ChampagneandWaffles  🙄🙄 Oh, you paid someone, who paid someone, who paid someone to create your car! Oh how semantically technical of you! SOMEONE STILL CREATED IT. You missed the point again. You're the one that was against taxing natural resources... I figured you'd be opposed to property taxes on your natural resource extraction and income generated from said extraction. Henry George was quite literally famous for land value taxation, so of course I support taxes on ground rents.
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  22.  @thetapheonix  The economy needs some inflation, seems like a better system than quantitative easing.
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  23.  @ChampagneandWaffles  you're the one who said you didn't want to pay resource taxes... And here you are paying taxes on privatized resources. Lol, you really have a hard time understanding a basic point.
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  24.  @thetapheonix  Ok, so we're moving the goal posts from "money printing"? I just want to be clear, this isn't money printing and this money would just be economic rent retained by shareholders if not taxed. Shareholders didn't do anything for the natural resource either, because it's a natural resource... Nobody created it. That's why it's taxed and given to the citizens of the jurisdiction as a Social Dividend. You're perfectly fine with the inflationary effects of oil revenues being pushed out as private dividends, because that's the system you're defending. You're prioritizing one singular aspect of the economy, inflation, over everything else including the marginal impact of money to make people's lives better. You haven't really said how you would address asset inflation that creates wealth inequality when you're arguing that corporations should retain economic rent. Rent seeking is monopolistic. Nobody said you had to adopt the whole Nordic system, I was simply talking about Sovereign Wealth Funds as an alternative way to manage natural resource revenues. Personally, my favorite cooperative system and believe that a UBI would help people buy equity in worker cooperatives and start small businesses. Or if it was retained in a sovereign wealth fund type investment portfolio to provide capital into cooperatives (that are often under capitalized) by purchasing non-voting shares that would help build economic development. Incentivizing saving and investment with the funds that would help decrease consumer price inflation by diverting that purchasing power. This creates asset inflation that is democratically equitable and decreases the negative aspects of wealth inequality.
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  25. Please tell me you're joking 😅
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  26. I didn't realize sentences were paragraphs now..😅.
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  27.  @jacobherman2443  Ugh, I stop reading if you're going to take a long pause between every thought you have.
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  28.  @san3711  I think it's sad that you can't read a paragraph.
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  29. Land value taxes literally a progressive tax on landlords and speculators....
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  30.  @luchain771  Nobody created natural resources. According to Locke's theory of capitalist acquisition things are acquired through Labor. Locke created the Lockean Proviso to discourage over usage, but you have to realize he was writing in the 1600s... Literally 87 years before Smith, 128 years before Ricardo's Theory Of Rent, and 190 years before Henry George. Capitalism has always had this idea baked into it, but capitalists have this interesting tendency to ignore capitalist morality in favor of capitalist profit... Who would have thought that would have been the case from a system dictated by the profit motive.
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  31. ​ @GeorgeWashingtonLaserMusket  you don't like automation?
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  32.  @JDWonders  From one of my comments above; "Many Nordic countries subsidize the exploration of the oil and charge companies to extract their oil. They then put these revenues into sovereign wealth funds that invest into companies across the world and this investment strategy helps provide a social safety net for the population. I'd be very much in favor of sovereign wealth funds if they invested in cooperative enterprises instead of investing in the current harms of capitalism, but that's a long thread to unravel."
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  33.  @ChampagneandWaffles  Again you missed the point entirely... NOBODY created NATURAL RESOURCES. It's kind of in the name 'natural resource'. Somebody created your house and you paid them to create it, somebody created your car and you paid them to create it... Nobody created the natural resources and therefore you get 'economic rent' that becomes privatized. And you're entitled to your opinions about property and income tax but you still have to pay them, have your say about the laws but you still have to obey them... WOW! Lol, what a revelation!
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  34.  @thetapheonix  Firstly, this is all money that would be made by corporate shareholders. The velocity of money would increase because people who need the money would have the money to spend on things they need, rather than accruing dividends and capital gains in a stock portfolio. You're literally just incentivizing current asset inflation, which is a very regressive policy. I don't hear your complaints about asset inflation, even though it's a driving factor of wealth inequality. You act like there are no monetary policy to decrease inflation in order to compensate for this fact.
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  35.  @thetapheonix  You seem to miss the point that this isn't money creation ("printing"). This is money circulation because the UBI is paid by fees, not government debt or currency inflation. The most inflationary aspect is that it gives people more money to spend. There's a whole range of monetary and tax policy that can offset or curb this inflationary pressure.
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  36.  @ChampagneandWaffles  Think about it, you just want a check for natural resources that you didn't labor for. Sounds pretty lazy. You didn't make the oil, you're just a private rent seeker.
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  37.  @ChampagneandWaffles  Uh, the fact that you claim the land is "yours" and that other people aren't entitled to "your" property. Lol. That's basically taxes, mate.
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  38.  @thetapheonix  What on Earth are you talking about with confiscation or buying oil land? Dude, it's a tax 🤦 The government doesn't have to buy the land/ resources or confiscate the land/ resources they just tax the value of the land/ resources, which leads to private stewardship and development, as well as socializing the value of land. Dude, this should have been obvious. Do you understand what Georgism is? It really looks like you ignored the whole part of my comment about increasing cooperative equity... I talked about democratizing asset inflation. UBI can help people take extra risks to start their own business or buy equity into a cooperative. You straightforwardly deny the fact that diverting money from corporations to the people would affect income inequality... It literally democratized income. Then you bring it up as if I didn't know about it or didn't spend time writing about it decreasing CPI inflation by allowing more people to benefit from asset inflation (that's a feature not a bug, not all inflation is bad). The question isn't about nominal inflation, it's about whether real wages and real asset inflation are growing. Alaska and Norway are very remote areas, this leads to high transaction costs which get passed on, it's weird disingenuous that you would ignore such an obvious aspect. I also think it's weird that you're ignoring the fact that Norway has one of the highest standards of living and happiness, which raises the question how much value do you place on happiness? You really couldn't google "taxes that decrease inflation"? Progressive income tax removes excess buying pressure from higher incomes, progressive consumption taxes can also do a similar thing. Land Value Tax puts extra pressure on speculators to develop it into something useful or put land on the market, this puts some more supply onto the market and increases the competitive forces within the real estate market. I honestly don't know if you understand, or are even reading, anything in my comments, because you seemed to talk right past me. If it looks like you're doing that again I'm just going to peace out.
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  39.  @ChampagneandWaffles  It's a taxation on resource value. YOU STILL KEEP YOUR PROPERTY 🤦🤦 it's literally an alternative to property tax. Lol, so you're adamant about keeping the value of your property... But you're okay with your property and income taxes? It is ironic to be so staunch about your property rights and then tell me you don't care about property and income tax, as you get all grumpy about land/ natural resource value taxation. It's ironic asf 😂🤣 It seems like you don't understand the first thing about Georgism, which is why you for some reason think people are going to take your private property, so you should probably go learn about that first. Lmao. Stop arguing with those people on YouTube and go read something to educate yourself first.
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  40.  @ChampagneandWaffles  I'm not refusing to acknowledge the difference between the APF and dividends paid to private owners 😂🤣 I'm advocating for an natural resource taxes OVER private retainment of natural resource rents. I'm certainly not refusing to acknowledge the difference between the two... My whole point is that there's a good reason for a difference. You live in Texas, lol, land that was literally stolen from Mexico by the US Gov. You bought BIG GOVERNMENT stolen land. Crying about your right to stolen land... Very ironic.
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  41.  @ChampagneandWaffles  It seems like you don't understand the first thing about Georgism, which is why you for some reason think people are going to take your private property, so you should probably go learn about that first. Lmao. Stop arguing with those people on YouTube and go read something to educate yourself first. It's a taxation on resource value. YOU STILL KEEP YOUR PROPERTY 🤦🤦 it's literally an alternative to property tax. Lol, so you're adamant about keeping the value of your property... But you're okay with your property and income taxes? It is ironic to be so staunch about your property rights and then tell me you don't care about property and income tax, as you get all grumpy about land/ natural resource value taxation. It's ironic asf 😂🤣
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  42.  @ChampagneandWaffles  It really seems like you don't understand the first thing about Georgism, which is why you for some reason think people are going to take your private property. YOU STILL KEEP YOUR PRIVATE PROPERTY 🤦 You should probably go learn about that first. Lmao. Go read something to educate yourself first.
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  43.  @thetapheonix  Literally the first sentence "Henry George was also in favor of taxing all types of natural resources." Which includes land values and other types of natural resources, like oil and minerals. You're acting like I'm talking making all things public like Alaska... That Was Never The Point! YOU DON'T HAVE TO CONFISCATE THE LAND TO TAX THE VALUE OF THE RESOURCES. It has the effect of socializing the land value while maintaining private ownership. I don't care if it's not a one-to-one example that's not the point 😂🤣 No wonder you're having such a hard time with this. It's quite obvious you know nothing about Georgism so you should probably start there so you don't get hung up on a bunch of misconceptions but you keep insisting on. Try actually reading something academic first before having conversations like this.
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  44.  @ChampagneandWaffles  You pay tax to the US gov not Mexico... Lol.
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  45.  @ChampagneandWaffles  Still ignoring that no one wants you seize your land? Lmao! I mean it WAS stolen by the US Gov... Now your family pays taxes to the US rather than Mexico. You're still being taxed on "your property".
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  46.  @BrunoTurcatti  Tax burden is determined by supply and demand elasticity.
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  47.  @addmix  Ableist troll, lol
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  48.  @addmix  "If you have employer healthcare why would you care about having single payer?!" 😂🤣 Talk about not understanding risk.
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  49.  @addmix  Beep boop, I'm a bot. reCAPTCHA me outside, how 'bout dat!
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  50. There are so many other aspects... Anybody who chalks the economy up to one thing doesn't understand the economy (especially people who think the president dictates the path of the economy).
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  51. 😅😂😂 you're really one of these people that confuses land value with property tax 🤦🤦🤦 It's not the same thing... Although it would definitely affect the urban sprawl throughout most of the area. The small government tax policy concepts are hilarious when you remember you literally got all of the property in Texas from the Mexican-American War... Big Government. Stop talking about how small government is capitalism.
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  52.  @fuzzy3440  Property tax taxes the value of built infrastructure on top of the land... Property tax charges you for the value of the land and the building. Ironically you're against land value tax that only charges you for the value of the land and DOES NOT charge you for the value of the building. In this way it incentivizes investment in infrastructure and decreases the urban sprawl, over utilization of land.
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  53.  @fuzzy3440  Ok, and LVT wouldn't charge tax on the building value
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  54. 🤦🤦 So you do care... But youre too lazy to think about policy
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  55. What are you talking about?
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  56.  @dariadari3370  yeah but how does any of that have to do with the solution that's offered in this video?
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  57. I think you mean a learning tool, lol.
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  58. I hope you mean zoning laws and not building codes... 😅
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  59.  @bluesagebrett  bahahahahaha!! Yes, dig into the local sewer line ... That should be fun for you and shouldn't affect anybody else 🤦🤦 This is what libertarian responsibility looks like 🤣😂🤣😂
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  60. Statically, increase in human rights as a status of increased economic standards.
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  61. Why is it not?
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  62. 🤦🤦🤦 No, just no.
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  63.  @PpVolto  Ummm, you understand there's a difference between correlation and causation right??? Currencies have to inflate at the rate that the economy inflates or else you'll have deflationary effects that decrease commerce and decrease investment. Having a monetary policy that keeps up with economic growth helps keep economic policy stable, the extraction of gold cannot keep up with the growth of the economy. The reason why I can't keep up with the growth of the economy is something that has been explained by Buffett; an ounce of gold will always be an ounce of gold, but you can grow a business. The monetary system has to keep up with business growth, not the arbitrary extraction of the ability to find gold veins.
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  64.  @PpVolto  Inflation is perfectly fine if wages and the standard living can keep up with it, but that's the problem wages don't keep up with it. That's not a gold issue, that's a business investment into human capital issue.
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  65. I suspect you don't understand the concept 😅😅😅
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  66.  @Shootsmith  It's clear you don't understand the difference between property taxes and land taxes and all you "know" is that "taxes are bad, m'kayy".
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  67. You guys keep trying to augment the capitalist system as if that's going to help... No it just creates augmentations of a bad system into a different bad system. Change the system.
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  68.  @nbonasoro  Free or with loans?
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