The housing crisis is a land crisis that LVT will solve! | Economic opinions for the @dailyrenter | I might be @EricReingardt #Georgism #LVT #CLT 🔰
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Right on track with what Georgist economists have been expecting all along.
Land prices are at all time highs in valuable downtown city locations driving rents and prices up.
Sound the alarm for another crash in 2026. And remember folks: land value tax would solve this.
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The Bible has awkward things in it. As a Christian, we should not try to pull this bullshit or our ancient scripture will be pulled out of context and used against us. Much better to just outlaw child marriage and let religions observe ancient out of date ideas and texts
The Homeless Economist retweeted
This is also why an LVT doesn't get passed on TOP of what they're already charging: landlords who still have a mortgage don't charge more, the competitive market prevents it.
The Homeless Economist retweeted
There is a physical limit to how much a landowner can take in price/rent in that the human body of the tenant requires a minimum level of sustenance in order to produce anything so a landlord can then take it. The landowner cannot ask for more else production ceases if they die.
Or just in general, landowners can't take more because they'd have already settled on a maximum amount they will leave to owners of wages and capital before the tax, so saying LVT will raise price/rent begs the question: why not do that before the tax?
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Say oligopoly not monopoly oligopoly not monopoly oligopoly not monopoly oligopoly not monopoly oligopoly not monopoly oligopoly not monopoly oligopoly not monopoly oligopoly not monopoly oligopoly not monopoly
Holy fuck oligopoly oligopoly oligopoly pretend i said oligopoly instead of monopoly i learned my lesson because ppl will take the "mono" part to heart and completely sidestep the broader anti competition point you're making you gotta say oligopoly oligopoly oligopoly oligopoly
Jesus Christ the board game "monopoly" is popular because its the process of multiple firms eventually concentrating into one dominant firm and on twitter you get an army of people who can't understand what you're saying until you say oligopoly which is a mouthful stupid word
The Homeless Economist retweeted
Boomer luxury communism will be responsible for the complete and udder destruction of rural Florida.
We should be against private monopolies. Technologies come and go but the monopolists who leverage them for profit at the expense of the working class are the malignant agents
The greatest radical who identified the root cause of poverty in the monopoly of land, Henry George
The Homeless Economist retweeted
If centralized authority is bad, why not change the tax system to decentralize land ownership and end the taxation of wealth production? Serious question. Awaiting responses...
All these real estate guys replying to Wake are giving up the big secret landlords won't admit about land value tax. The argument is "you do land value tax system, ill charge more rent on my poor tenants" but the secret is landlords already charge the market maximum. LVT works
John Wake pissed off a lot of landlords with this truth bomb. And the replies are right, owners of land will charge the maximum rent regardless of ownership costs which is why land value tax can't be passed on as rent increases.
