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Re: One small problem...
I think you are overlooking another property right, that of the community over the infrastructure it has created. If a property owner uses the roads, sewers, bridges, street lights, schools, parks, libraries, and everything else whose presence enhances the value of land, why shouldn't he pay for the increase? If the community puts in a good ...
Posted to Hey Wait a Minute by Snarfangel on July 27, 2009
You need one more line on the housing graph -- land prices
Home prices are a combination of land prices and the value of improvements on the land. Trying to chart home prices versus building costs is missing a pretty important factor. As for the legacy of this particular bubble, I hope it is that government starts looking really hard at shifting taxes from labor, capital, and trade, over to land. That ...
Posted to Newmans Own by Snarfangel on March 3, 2009
The solution to the "housing" bubble is land value taxation
The misnamed housing bubble was actually a bubble in the price of the land houses sat on. One problem with trying to find a solution to this particular bubble is that people conflate the two -- ''If I invest in a house now, I can sell it for a profit in two years and buy somewhere else!'' But it isn't the price of physical improvements that ...
Posted to Moneybox by Snarfangel on February 28, 2009
Re: President Obama should propose a Georgist solution
I did a quick calculation to figure out what the effect would be with the above suggestion. If someone received a $500,000, 30-year loan at 7% in January 2006 (I didn't consider PMI or anything but loan and interest), they would be paying $3326.51 per month, or $39,918.12 per year. By January 2010, they will have paid $22627.27 on their ...
Posted to Politics by Snarfangel on February 21, 2009
President Obama should propose a Georgist solution
Henry George was an American political economist from the 19th century that proposed a 100% land value tax -- a tax equivalent to the full rental value of bare property, minus improvements -- and no other taxes or tariffs. For obvious reasons, he called this the ''Single Tax.'' In other words, he wanted to shift all taxes to those on land value, ...
Posted to Politics by Snarfangel on February 21, 2009
Stimulating the economy via tax policy
Others in the Fray have mentioned flat taxes or tax cuts to stimulate the economy, but I think it is important to figure out what you want to stimulate before advocating a particular tax policy. For example, the three classical factors of production are land, labor, and capital. Trade is often included as a factor as well. If we consider ...
Posted to Moneybox by Snarfangel on January 14, 2009
Re: What's not said
Our government is the structure that enables our court system, our system of laws and rights and the privileges that give some people or corporation rights that the rest of us don't have. Our highways are safe and paved and plowed through government spending. Our rivers are navigable. Our airports and air traffic control systems manage large ...
Posted to The Big Idea by LVTfan on November 2, 2008
Re: Pigovian taxes and Adam Smith
Bravo! You said it well! For more about these ideas, you might explore wealthandwant dot com, and read Michael Hudson's ''Tax the Land'' in the November issue of Harper's.
Posted to The Big Idea by LVTfan on November 2, 2008
Re: Well, if McCain is a "socialist"
Before you sling the word socialist around, you might consider that our wealth and our income are extremely concentrated. See several posts on ''spread the wealth'' at lvtfan.typepad.com for details from well-respected data. And some kinds of wealth ought to be socialized, while other kinds ought to be privatized. I think we do it backwards ...
Posted to The Big Idea by LVTfan on November 2, 2008
November Harper's
Don't miss the section entitled ''How to Save Capitalism,'' and in particular Michael Hudson's essay entitled ''Tax the Land.'' It gets at some very important issues, including how we can best collect the revenue we need without burdening the economy and in the process stabilize a system that has been shown to be very unstable under our current ...
Posted to In Other Magazines by LVTfan on November 2, 2008

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