this post was submitted on 16 Oct 2024
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Lefty Memes

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ID: A Sophie Labelle 4 panel comic featuring Stephie in different poses, saying:

Landlords do not provide housing.

They buy and Hold more space than they need for themselves.

Then, they create a false scarcity and profit off of it.

What they're doing is literally the opposite of providing housing.

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[–] Amadou_WhatIWant@lemmy.world 13 points 3 weeks ago (10 children)

There is a solution for landlords that we've known about for a long time.

And its doesn't involve the a massive, powerful state controlling where people can live.

Its a 100% tax on the value of land. It would stop the landowning class from unfairly stealing huge amounts of money from the poor in the form of rent. It could fund the government (allowing us to decrease taxes that hurt labor, like an income tax), or be redistributed as UBI.

Seriously, if you are at all interested in potential solutions to the housing crises and wealth inequality, please, please, google Land Value Tax and Georgism.

[–] PriorityMotif@lemmy.world 2 points 3 weeks ago (1 children)

Landlords would just raise rent and claim the taxes as an expense. If they couldn't claim it as expenses they'll just increase rent even more.

[–] Amadou_WhatIWant@lemmy.world 2 points 3 weeks ago

So because other landlords will be trying to raise money to pay the land value tax, they will be more desperate for renters, and will offer a lower price. So if your landlord tried to raise the rent, you would have a lot of cheaper options to leave to. It would make landlords compete against each other.

See here for theory and empirics, including an example from Denmark

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