About Patrick

Patrick

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Registered Apr 03, 2005

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Patrick's most recent comments:

  • On Sun, 1 May 2016, 9:23pm PDT in Making money is not the same as creating wealth, Patrick said:

    indigenous says

    Tax of 100% is generally going to discourage investment.

    a tax of 100% on rent derived solely from land ownership will not affect productive investment in the least. simply buying land is not productive investment.

    think about it: no one created the land. the investment is entirely in the building and infrastructure. income from those should be completely untaxed: 0%

    indigenous says

    Locke says that it is when you mix your labor with the land that it becomes yours.

    you cannot ever mix labor and land. labor is one thing and land is an entirely different thing.

    the rent to tax at 100% is the rent on unimproved land. the tax should remain identical even after the land is improved. this is an incentive to improve it.

    indigenous says

    I'm not sure I would want to use a communist country as a paradigm.

    china is communist in name only at this point.

    indigenous says

    a better tax system would be geared towards consumption

    i disagree. why penalize commerce? commerce is a good thing.

    the appropriate object of taxation is always rent-seeking. NOTE CAREFULLY that i am not talking about, say, the entire rent on a house. i'm talking about the completely unjustified rent on the land, which owner did absolutely nothing to earn. there is also the rent on the building, which the owner should keep 100% of because he built it or maintains it.

    please read this article, it will help clarify what i mean by "rent-seeking": https://en.wikipedia.org/wiki/Rent-seeking

  • On Sun, 1 May 2016, 9:04pm PDT in Rework of Patrick.net Format, Patrick said:

    mell says

    When you edit an initial thread post (e.g to tag it), the title sometimes disappears (and has to be re-entered) - likely whenever quotation marks are in the title

    thanks for telling me, i have been able to reproduce it. i'll figure it out.

    FortWayne says

    I can't find anything, there are no longer any categories?

    they are all the same, it's just that i removed the search links from the header to save space.

    so if you search for housing, or investing, or politics, you'll get exactly the same thing you'd have gotten from those header links.

  • On Sun, 1 May 2016, 8:46pm PDT in Making money is not the same as creating wealth, Patrick said:

    indigenous says

    The Georgian ideas right or wrong would discourage investment. Not to mention that private property is one of the cornerstones of the US. I don't think it is a coincidence that China started allowing private property 20 years ago as their economy boomed.

    i don't see why investment would be discouraged, as long as the land value tax was fairly predictable.

    note that china essentially does have a form of georgism in that the chinese government owns all the land, and everyone leases land from them.

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