HN Theater @HNTheaterMonth

The best talks and videos of Hacker News.

Hacker News Comments on
TheIU.org - Land and Economic Rent

TheIUorg · Youtube · 1 HN comments
HN Theater has aggregated all Hacker News stories and comments that mention TheIUorg's video "TheIU.org - Land and Economic Rent".
Youtube Summary
An introduction by Dave Wetzel, Labour Land Campaign
HN Theater Rankings

Hacker News Stories and Comments

All the comments and stories posted to Hacker News that reference this video.
The ideas of Henry George [0] address this, without resorting to "Tragedy of the Commons" solutions of collective ownership. The short answer is a Land Value Tax [1], based only on "ground rent" (the usage value combined with the value of proximity to community), as opposed to taxing improvements, as most property taxes do currently.

The rough theory is that the tax should be proportional to the unearned "rent-seeking" profits that derive indirectly from the surrounding community; moreover, a higher tax on ground rent disincentivizes pure speculation [2], while removing the disincentive of value-creation/development baked into our property taxes now. And unlike communist policies, this system would preserve the distributed intelligence of markets; there are some libertarian economists who favor the idea, the most notable of whom was Milton Friedman, who called LVT "the least worst tax".

In some sense, it could be seen as closer to a voluntarist system that most forms of government: one essentially pays the surrounding community to compensate them for their violent exclusion from a portion of nature. This video articulates the idea fairly well in plain language: https://www.youtube.com/watch?v=0yltJHY6g5I

[0] https://en.wikipedia.org/wiki/Georgism

[1] http://www.landvaluetax.org/what-is-lvt/

[2] https://commons.wikimedia.org/wiki/File:Everybody_works_but_...

HN Theater is an independent project and is not operated by Y Combinator or any of the video hosting platforms linked to on this site.
~ yaj@
;laksdfhjdhksalkfj more things
yahnd.com ~ Privacy Policy ~
Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.