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Comment by cosmojg

If only so many people didn't treat land and houses like investments, there wouldn't be such a disastrous hoarding problem. Henry George's Land Value Tax [1][2] seems like an obvious economic fix that would require a large fraction of the population to change how they think about land and natural resources, but most of them are invested in such a way (i.e. owning multiple houses on multiple parcels of land, often without renting anything out) that it is in their economic self-interest to block any such proposals. Although, I suppose this situation isn't unique. The world has long been doomed by coordination problems.

[1] https://astralcodexten.substack.com/p/your-book-review-progr...

[2] https://en.m.wikipedia.org/wiki/Land_value_tax

parent cosmojg 5 years ago

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