https://blog.p2pfoundation.net/video-of-the-day-real-estate-4-ransom/2012/11/07 Researching, documenting and promoting peer to peer practices Thu, 08 Nov 2012 10:37:02 +0000 hourly 1 https://wordpress.org/?v=5.5.15 https://blog.p2pfoundation.net/video-of-the-day-real-estate-4-ransom/2012/11/07/comment-page-1#comment-494107 Thu, 08 Nov 2012 10:37:02 +0000 http://blog.p2pfoundation.net/?p=27314#comment-494107 The crux of this 40 minute video can be summarized in about 60 seconds. At 28:00: “Governments tend to auction off these resources at low, one-off prices in exchange for campaign funds.” At about 29:00 “…the tax system [should] not fall on labor and industry but taxes [should be] levied on what John Stuart Mill called the unearned increment–the rise in land value.” OK as far as it goes, but why should land value appreciation be taxed differently from other asset appreciation? And property taxes are great as long as exemptions prevent them from being confiscatory of middle and lower class assets. Subsistence assets should be exempt for the same reason we don’t tax subsistence income. Why should I be taxed for occupying and/or farming a few acres? I wouldn’t buy into any tax plan without such guarantees or without reliable data models for projecting long-term results. I don’t the producers of this video have offered such data. With those extensions and exceptions might I agree with making asset appreciation the primary target of taxation. Idl like to see a video that got to the point in the first 5 minutes and then addressed the other questions I raised.

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