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Landlords should have to pay income tax on their rental properties regardless of whether they're rented out or not. (gothamist.com)

submitted 1 year ago by Blaze@discuss.tchncs.de to c/personalfinance@lemmy.ml

397 comments fedilink hide all child comments

cross-posted from: https://lemmy.crimedad.work/post/12162

Why? Because apparently they need some more incentive to keep units occupied. Also, even though a property might be vacant, there's still imputed rental income there. Its owner is just receiving it in the form of enjoying the unit for himself instead of receiving an actual rent check from a tenant. That imputed rent ought to be taxed like any other income.

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[–] commiewithoutorgans@hexbear.net 3 points 1 year ago (1 children)

Read some theory, it kinda sounds like you're basing this entirely off of YouTube videos you've seen (including your understanding of socialism)

Landlords increase rent to make up for it, what does georgism do? Landlords don't exist as such in socialism, but how they do exist still isn't really impacted by this shift.

Georgism is a misunderstanding of the causes of issues at the "tax affecting productivity" level. That's not the cause of our problems.

The lack of massive investment of housing and zoning are, again, results of a problem not the problem itself. These issues don't exist with good planning, and that's why georgism is just irrelevant except as a bandage for some of the ills of capitalism temporarily

[–] Olgratin_Magmatoe@startrek.website 1 points 1 year ago* (last edited 1 year ago)

Read some theory, it kinda sounds like you’re basing this entirely off of YouTube videos you’ve seen (including your understanding of socialism)

If you want to convince me, mocking me isn't the way to go about it. I'm as much of a leftist/anti-capitalist as it gets in my area, and I almost certainly agree with you on more things than the average american. If you can't even hold a civil conversation with me, how could you ever hope to convince anybody else?

But yes, most of this is based on a rather light understanding as I have already mentioned. I live in the U.S., a capitalist country that very intentionally does not allow workers to have free time. I have a disabled girlfriend that I take care of. The amount of time I have to myself that is truly free time is extremely limited. I'd rather spend that time playing video games and watching youtube than reading economics books. It's shocking, I know. And during the rare times that I am able to find the time/energy to read, I'd rather read science fiction, which rarely if ever goes into economic theory.

Landlords increase rent to make up for it, what does georgism do? Landlords don’t exist as such in socialism, but how they do exist still isn’t really impacted by this shift.

Again, they can't exactly just increase rent to pass off the tax.

The lack of massive investment of housing and zoning are, again, results of a problem not the problem itself. These issues don’t exist with good planning

How is investment in housing and zoning fixes not a form of better planning?

georgism is just irrelevant except as a bandage for some of the ills of capitalism temporarily

I disagree that it is just a bandage. But even if it was, I'd rather have a bandage than a fucking open wound like we have now.

If the government doesn't collect wealth in the form of a land tax, how do you suggest we do it?