alt Hacker NewsIt may be absurd, but do you have a workable framework that can replace it? If not, it makes zero to no difference whether it is absurd or not. It works for the society in place.
It may be absurd, but do you have a workable framework that can replace it? If not, it makes zero to no difference whether it is absurd or not. It works for the society in place.
Yes. A high land value tax prevents the capture of unearned wealth by owners of land without introducing market inefficiencies or price distortions.
The current arrangement demonstrably does not work for society in place, and as AI (whether in this wave of innovation or the next) increases productivity further, it will work less and less by virtue of further increasing land rents, thereby pricing out larger and larger swaths of society from a place to live, work, or otherwise exist.