Re: Is there an (objective) definition of wealth?
From: Johnny 5 (johnny5_at_yahoo.com)
Date: 07/20/04
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Date: Tue, 20 Jul 2004 14:45:26 GMT
"smithaa02" <asdf@asdf.net> wrote in news:40fc91a7_1@newspeer2.tds.net:
>> Title holders will pay market rent to the entire community. How
>> will
> they then
>> enjoy an advantage at the expense of anybody?
>
> Pay land tax X, charge land rent 10X = 9X = BIG PROFITS!!!
I tried charging 650 to people only willing to pay 450 for rent, they
moved out, your extreme examples are becoming childish, moderation in all
things.
>> both directly and in the form of mortgages. LVT simply diverts land
>> rent
> from the
>> pockets of landowners and bankers to the pockets of the state.
>
> (I bet Roy disagrees with you about putting 'land rent', 'bankers',
> and 'landowners' in the same sentance)
No, see you got to go to my old town, jimmy buffet sang about this in
some of his songs, you see the banker was the father, and the tenant was
the daughter, and the yard man was the son, and the tax man was the other
son, and the insurance man was yet another son, and the roof man was the
brother - and they all worked together AGAINST the outsider and sucked
him dry, he declares bankruptcy and they do it with ANOTHER SUCKER -
ultimately causing many bnakruptices of which all our taxes pay to
support - imagine if you will a SPIDER in a WEB and you the FOOLISH LAND
LORD thinking you live in a safe protected world while the spider
ensnares you in his web and eats you. That is the reality my fellow
sci.econers and something your models dont PREDICT. Of course there are
SUCCESSFUl land lords, but there are unsuccessful ones too, let the
market decide who wins and who loses - get out of the GOD business - he
already has a plan for you, and that plan was not for you to have
CONTROL, live for today, let tomorrow take care of itself.
>
> How can LVT rate be determined if the selling price of land is zero?
Right land does not pay taxes, people do.
>
> Why would a landless serf better be able to market the land, then the
> status quo landowner?
He can't, he knows the spiders web is certain DEATH, but that out of town
landlord isn't saavy to the local web - he gets eaten.
>
>> Third
>> thing, if the market ( a consensus of bidders) decides that a certain
>> plot
> is worth
>> a thousand a year rent, that rent is obviously not horrendous, but
> reasonable.
>
> How can you determine land worth by the market? Their valuation is
> subjective.
BWAHAHA!
-- Government policy in interest rates, and on finance generally, has been marked by vacillation, wishful thinking, electoral expediency of the most shameful type towards the end of last year, contortions and contradictions, all to accommodate the redneck economics of the National Country Party. (Harsard Aug.27 1981)
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