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There Are 2 Vacant Investor-Owned Homes for Every Homeless Person in America

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public rent-capture10 points·4 months ago

The whole idea of land as an 'investment' is completely stupid. The point of investing capital in something is to contribute to the production of something by providing tools and equipment to use in that production. But buying land doesn't contribute to the production of anything, because the land was there anyway and is just as useful whether it's owned by somebody or not.

The solution to that is LVT. Takes the profiteering out of just landholding. Makes it only feasible to hold the land if you're using it productively.

People generally don’t want to invest in building a nice house or building a productive farm on land they don’t own.

public rent-capture1 point·4 months ago

Not if they can do it on land they do own.

But if all land is publicly owned, then that's the only kind of land available. So they'd do it anyway.

How do you decide who gets what land?

public rent-capture1 point·3 months ago

We don't. We rent out the land and distribute its value back to society in the form of government programs and/or universal income. Compared to the near-impossible task of carving up the world's real estate for an ever-changing population, this is a far simpler way of accomplishing the same practical ends.

LVT can't come quick enough.

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They won't be much of an investment if the homeless move in.

Whoa!2 points·4 months ago

It's just like with the ~40% of food getting thrown away. Rather have redundancy for the people who can continually pay more and more, and dispose of food if it could potentially lead to the people with money spending less money. As long as income inequality is growing over time, we'll see more and more redundancy for paying customers at the cost of those who can pay relatively less.

That said, these houses would still be an investment if the homeless had more money to pay for em. In capitalism, the goods and services are there for the money after all.

That's why bitcoin and virtual investments are superior to messy physical assets. Sell your land, buy virtual land!

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A basic income guarantee is a system that regularly provides each citizen with a sum of money. Except for citizenship, a basic income is entirely unconditional. A basic income guarantee would radically simplify the welfare state, and truly ensure that no one has to live in poverty. Its necessity will become increasingly obvious as more human labor is replaced by machines.

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