• Fried_out_Kombi@lemmy.worldOP
        link
        fedilink
        English
        arrow-up
        8
        ·
        1 year ago

        If we taxed land, it would be essentially impossible to evade, even with fancy accounting and shell companies and all that stuff the rich love to employ. All this is exactly why the how of taxing the rich is so important.

        • glevon@lemmy.blahaj.zone
          link
          fedilink
          English
          arrow-up
          5
          ·
          edit-2
          1 year ago

          Yeah land value taxes are cool, but ultimately taxes are just a bandaid solution to rampant inequality. As long as billionaires keep their vast economic (and therefore political) power through control of the means of production, they have the power to undermine any attempt to tax their wealth away. Which is why we need a fundamental reorganization of the economy that places the power in the hands of the people. Otherwise known as socialism :)

          • Fried_out_Kombi@lemmy.worldOP
            link
            fedilink
            English
            arrow-up
            2
            ·
            1 year ago

            Well, it’s for that exact same reason the rich will oppose socialism. Personally, I’m more in favor of georgism, which is like socialism with regards to social control of the commons (most notably land and natural resources), but not regular capital. I think this is important because there is a meaningful distinction between land and capital and shouldn’t just be lumped together under “the means of production”. Capital is created, where land (and natural resources) are not, thus taking social control of land via taxes works fundamentally differently economically (and morally, imo) than taking social control of capital which has been created. For example, my uni degrees are a form of capital, and a system in which society takes control of the economic returns on my education is a system which disincentives people from pursuing higher education. But if society imposes a tax on me for the land I occupy or the carbon I emit, that’s completely fair imo. Plus, the key policies georgism is based on (most notably land value taxes and externality taxes) are just really good policies as shown by economics. Even Friedman begrudgingly called land value taxes the least bad tax, as they’re progressive, economically efficient, and incentivize productivity and discourage rent-seeking.

  • MindSkipperBro12@lemmy.world
    link
    fedilink
    English
    arrow-up
    2
    ·
    1 year ago

    It’s easy, as low as humanly possible to incentivize economic growth. (I’ve became a Neoliberal via World Economic Forum)