They need to change the property tax system to tax non occupant owners a much higher rate and lower the rates for owner occupants. Add a big penalty on top of that for vacant non occupant owned houses. Punish them for hoarding vacant houses to artificially inflate prices.
So the goal is to push up rents relative to ownership? Why is it that the solution to the problems of capitalism always seems to be shifting around how poor people give money to rich people?
Just flat out say no corporation is allowed to have ownership or controlling interest in any SFH.
Period. No incentives. You have a few years to divest until the property is auctioned off.
It’s not a perfect solution. Maybe not the best. But I’m so tired of pretending all we can do is basically nothing.
Capitalism is wonderful when everyone is on similar footing, but the natural result is to concentrate wealth which breaks the system. I don’t hate capitalism, but we are too far into the late-stage broken part and we need a way to reset that ideally doesn’t involve violent revolt. Eventually people get sick of living under the boot of a situation created by their ancestors and which they’ve received nothing beneficial from. Concentrated wealth and generational wealth needs to go away. People like Musk and Trump are only problems because they were born to more wealth than most people will ever know.
Get rid of that shit and redistribute their wealth to the people and that will fix so many of our problems.
Wealth trickling up is the nature of Capitalism. If I start with ten and you start with ten, and I sell you something worth 2 for 4, I now have more wealth because I’ve just gained $2 profit and you’ve lost $2 of value on your goods.
This will continue to snowball and accumulate. It’s baked into physics.
Not saying Capitalism can’t work. But it has to be heavily regulated and we need a wealth cap. Hence Bernie suggesting anyting over $1 billion gets taxed at 100%. I favor a logerethmic approach using a soft cap on earnings and counting investments as earnings. Basically, the closer to X amount you make each year, the less you take home. You never hit the cap, but you might be keeping pennies on the dollar the closer you get to it.
I think we’re in total agreement. The accumulation of wealth is natural under capitalism. And as long as wealth is not overly skewed, capitalism aligns somewhat well with the needs of humanity. But as the balance tips, the alignment drifts. People could argue about the exact point at which capitalism no longer serves the people, but I think many of us believe we are currently past that point. I believe we are.
It’s not that capitalism is wrong, it’s that it has become unbalanced and we need something to reset it. In the past that something has been revolution and violent upheaval. I hope we are able to find another way.
the person with more resources tends to win and the prize for winning is more resources. combine that with corporations that are literally immortal and you have a system that pushes resources upward and then locks them in place once they get there. there has to be an artificial intervention to shake those resources loose and get them circulating again or the whole machine is gonna seize up and fail when we insist on producing what no one can afford to buy.
That would affect a lot of farmers. A farm is a business, and even smaller farmers (what’s left of them, anyway; doing this isn’t going to help) often own their land and buildings under a corporate structure owned entirely by themselves.
If it could be limited to corporate structure with more than a few shareholders, that could work.
“omg theres a small subset of America who might be mildly inconvenienced when we ensure housing is affordable for everyone.” yep, a hell of a talking point.
Yeah I’m just an ordinary guy, you know? I don’t have all the answers. I’m just saying we need to look further, consider more options. Maybe your modification is better or necessary. Maybe not. My point was we need to stop merely putting our finger on the scale to create incentives to make capitalism do better and just consider perhaps a solution lies, at least in part, outside that framework.
Well, that’s part of what collaboration (in good faith!) is for. No one of us has all the answers, but we can put forward proposals, hash it out, and hopefully what comes out is workable for a broad selection of the working class. Farms, factory, and office workers alike.
Problem is, conservatives only need to poison the well a little bit to destroy the presumption of good faith. Any pointing out of issues that would affect one group disproportionately is treated with suspicion, and the whole thing falls apart.
I trust there are smarter people than me who could take this idea and improve on it. My plea is just to look beyond the confines of capitalism. I mean just take a peek and see if there is an answer there. Maybe not, but the people in places of power won’t even look.
Make the 3rd home any entity owns taxed at 50% property tax rate.
Make it prohibitively expensive to try and turn the American Dream into a subscription model.
This is not for us. This is for your children who will otherwise “own nothing and be happy”.
They need to change the property tax system to tax non occupant owners a much higher rate and lower the rates for owner occupants. Add a big penalty on top of that for vacant non occupant owned houses. Punish them for hoarding vacant houses to artificially inflate prices.
So the goal is to push up rents relative to ownership? Why is it that the solution to the problems of capitalism always seems to be shifting around how poor people give money to rich people?
Just flat out say no corporation is allowed to have ownership or controlling interest in any SFH. Period. No incentives. You have a few years to divest until the property is auctioned off.
It’s not a perfect solution. Maybe not the best. But I’m so tired of pretending all we can do is basically nothing.
Capitalism is wonderful when everyone is on similar footing, but the natural result is to concentrate wealth which breaks the system. I don’t hate capitalism, but we are too far into the late-stage broken part and we need a way to reset that ideally doesn’t involve violent revolt. Eventually people get sick of living under the boot of a situation created by their ancestors and which they’ve received nothing beneficial from. Concentrated wealth and generational wealth needs to go away. People like Musk and Trump are only problems because they were born to more wealth than most people will ever know.
Get rid of that shit and redistribute their wealth to the people and that will fix so many of our problems.
Wealth trickling up is the nature of Capitalism. If I start with ten and you start with ten, and I sell you something worth 2 for 4, I now have more wealth because I’ve just gained $2 profit and you’ve lost $2 of value on your goods.
This will continue to snowball and accumulate. It’s baked into physics.
Not saying Capitalism can’t work. But it has to be heavily regulated and we need a wealth cap. Hence Bernie suggesting anyting over $1 billion gets taxed at 100%. I favor a logerethmic approach using a soft cap on earnings and counting investments as earnings. Basically, the closer to X amount you make each year, the less you take home. You never hit the cap, but you might be keeping pennies on the dollar the closer you get to it.
https://www.scientificamerican.com/article/is-inequality-inevitable/
I think we’re in total agreement. The accumulation of wealth is natural under capitalism. And as long as wealth is not overly skewed, capitalism aligns somewhat well with the needs of humanity. But as the balance tips, the alignment drifts. People could argue about the exact point at which capitalism no longer serves the people, but I think many of us believe we are currently past that point. I believe we are.
It’s not that capitalism is wrong, it’s that it has become unbalanced and we need something to reset it. In the past that something has been revolution and violent upheaval. I hope we are able to find another way.
Its parasitic though (it truly benefits well only the few), and as you stated, needs constant resetting.
Not sure that you can call a system that needs constant ‘resetting’ as the right system to use.
the person with more resources tends to win and the prize for winning is more resources. combine that with corporations that are literally immortal and you have a system that pushes resources upward and then locks them in place once they get there. there has to be an artificial intervention to shake those resources loose and get them circulating again or the whole machine is gonna seize up and fail when we insist on producing what no one can afford to buy.
That would affect a lot of farmers. A farm is a business, and even smaller farmers (what’s left of them, anyway; doing this isn’t going to help) often own their land and buildings under a corporate structure owned entirely by themselves.
If it could be limited to corporate structure with more than a few shareholders, that could work.
A farm isn’t a sfh
The house for the farm usually is, and it’s covered by everything else.
Split the land the house is on to it’s own lot and sell it then. Or knock it down/rezone it so it’s not legal for living/renting.
You’re handing your opponents a talking point against it before you even start.
“omg theres a small subset of America who might be mildly inconvenienced when we ensure housing is affordable for everyone.” yep, a hell of a talking point.
Farmers. They’re part of the working class, and they’re important.
Yeah I’m just an ordinary guy, you know? I don’t have all the answers. I’m just saying we need to look further, consider more options. Maybe your modification is better or necessary. Maybe not. My point was we need to stop merely putting our finger on the scale to create incentives to make capitalism do better and just consider perhaps a solution lies, at least in part, outside that framework.
Well, that’s part of what collaboration (in good faith!) is for. No one of us has all the answers, but we can put forward proposals, hash it out, and hopefully what comes out is workable for a broad selection of the working class. Farms, factory, and office workers alike.
Problem is, conservatives only need to poison the well a little bit to destroy the presumption of good faith. Any pointing out of issues that would affect one group disproportionately is treated with suspicion, and the whole thing falls apart.
The way our system is structured that even a good intention law like this, someone would find a loop hole around it. Lawyers lawyer.
I trust there are smarter people than me who could take this idea and improve on it. My plea is just to look beyond the confines of capitalism. I mean just take a peek and see if there is an answer there. Maybe not, but the people in places of power won’t even look.
been saying this over and over for a while now
Make the 3rd home any entity owns taxed at 50% property tax rate. Make it prohibitively expensive to try and turn the American Dream into a subscription model.
This is not for us. This is for your children who will otherwise “own nothing and be happy”.
Fuck the kids, I got mine! - Republicans
This already exists in in most every state. Property taxes for a primary residence are much lower than secondary homes.