Yearly rent on the house is greater than yearly taxes on the house, right? As you give the government shares of your house, tax shares will convert into rental shares and you will have to pay the government more and more. A death spiral ensues and you lose the house.
“What if the government doesn’t charge rent on its shares?” Then everyone lets the government own 99% of their house to avoid the taxes.
A lot of the value of Georgism is incentivizing people who don’t value a property to move out so people who do value the property can move in.
Right, missed that it makes your being there renting. How fast would the spiral be in your estimation? How fast would you lose the house in normal circumstances? By the way, I’m not sure that the tax is universally less than the rent. My understanding is that land speculation in Israel is mostly about expeting the prices to keep going up rather than the current rent.
Yearly rent on the house is greater than yearly taxes on the house, right? As you give the government shares of your house, tax shares will convert into rental shares and you will have to pay the government more and more. A death spiral ensues and you lose the house.
“What if the government doesn’t charge rent on its shares?” Then everyone lets the government own 99% of their house to avoid the taxes.
A lot of the value of Georgism is incentivizing people who don’t value a property to move out so people who do value the property can move in.
(off-the-cuff opinion)
Right, missed that it makes your being there renting. How fast would the spiral be in your estimation? How fast would you lose the house in normal circumstances? By the way, I’m not sure that the tax is universally less than the rent. My understanding is that land speculation in Israel is mostly about expeting the prices to keep going up rather than the current rent.