Mike Smith

298 posts

Mike Smith

Mike Smith

@mikesmithdude

Katılım Ağustos 2017
10 Takip Edilen4 Takipçiler
Mike Smith
Mike Smith@mikesmithdude·
@jmhorp Yes, but California is riding entirely on path dependent industries and huge agglomeration economies built up long ago. If you think decreasing tax revenue must manifest within a few years, rather than many decades; *that* is what is laughable. TX & FL arent much better.
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Jeremy Horpedahl 🥚📉
Jeremy Horpedahl 🥚📉@jmhorp·
The Laffer Curve is a useful concept for thinking about taxes, but the idea that Florida and Texas are near the "revenue maximizing point" is laughable. California and NY collect twice as much per capita as Florida! And maybe that's good for FL, but... they aren't maximizing
Wall Street Mav@WallStreetMav

The leftists think they can just raise taxes and more money comes in for them to spend. Despite all of the evidence of wealth leaving when they raise taxes, they still do it. They simply lack the ability to change direction. The same thing is happening in Europe and Canada.

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Mike Smith
Mike Smith@mikesmithdude·
@cafreiman Sorry, but those bases are large enough to facilitate tax revenue on them which could create a still-way-larger-than-tolerable government.
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Chris Freiman
Chris Freiman@cafreiman·
My hot take for Tax Day: The government should be small enough to be funded entirely by a carbon tax and land value tax.
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wanye
wanye@xwanyex·
One of the big disconnects in the property tax debate is that proponents love to say, “they pay for the sewers” but all the most vocal opponents of the property tax are rural boomers who don’t live within 20 miles of a sewer
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Mike Smith
Mike Smith@mikesmithdude·
@mirandamelendy @thebywaterbugle @xwanyex There's non-fungible subsidies and costs being politically hot-potatoed around on the old and the young. But it matters not whether we can sum boomer benefits as higher: it helps no one to play this game. Just legalize housing & cut taxes for everyone! Very simple.
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Missy
Missy@mirandamelendy·
@thebywaterbugle @mikesmithdude @xwanyex The playing field is evened (somewhat) by property tax relief for seniors who have been paying taxes on unrealized gains for decades. Gains that they will never themselves realize on earth if they die without selling.
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Mike Smith
Mike Smith@mikesmithdude·
@SpaceKoala I brought it up the other day and said i think we're probably on the left side. But in another comment said that, despite the non-monotonicity of housing prices with property tax increases, we are probably on the right-hand side of that particular curve, overall.
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Mike Smith
Mike Smith@mikesmithdude·
@LimeOvrPortland @thebywaterbugle @xwanyex Sounds like its time to stop punishing young people; not start punishing old people. Use your 21st century brain, not your paleolithic monkey brain, and understand that we dont need to punish anyone- just legalize building housing and reduce all regs, taxes, and spending.
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Mike Smith
Mike Smith@mikesmithdude·
@thebywaterbugle @xwanyex That's silly and mean and small-minded. Just give everyone the benefits (especially by deregulating housing so that we dont have to fight over who enjoys the scraps of not-punishments from taxes).
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Bywater Bugle
Bywater Bugle@thebywaterbugle·
@mikesmithdude @xwanyex Who’s punishing older folks? Seniors already get all sorts of property tax relief in dozens of states that young people don’t get. Even the playing field.
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Mike Smith
Mike Smith@mikesmithdude·
@thebywaterbugle @xwanyex By punishing older folks. Its a poor argument since property tax itself creates more costs for younger homebuyers and the very poor, overall; there's just a temporary discontinuity, due to our artificially-constrained supply. Build housing. Stop taxing.
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Bywater Bugle
Bywater Bugle@thebywaterbugle·
@xwanyex One benefit of the property tax that people are afraid to acknowledge is that it promotes turnover of the housing supply to younger people (families).
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Mike Smith
Mike Smith@mikesmithdude·
@xwanyex Also, millions of people trying to build their own homes or homesteads are *begging* to be released from the requirement to connect to public sewer systems and other grids, but the codes force them into it.
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Mike Smith
Mike Smith@mikesmithdude·
@dannycantalk Always was. Always will be. Adjust your assessment of how wise it is to use politics to decide anything, accordingly.
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Mike Smith
Mike Smith@mikesmithdude·
@joseartusi Also, LVT is just a very efficient tax. There are other considerations in implementing a tax than just its efficiency (or at least its efficiency with what can be priced).
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José Antonio Artusi
José Antonio Artusi@joseartusi·
Repeat with me: “Property tax is not the same than land value tax”. “Prop… … … …
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memetic_sisyphus
memetic_sisyphus@memeticsisyphus·
They seem to think the state granted the property rights when in reality we founded states to help protect our property rights. The relationship is backwards.
sonch@soncharm

Like wanye I'm not 'against' property tax per se, no more than other taxes, it's just that everyone arguing with him via 'Georgist' principles or enamored of 'land-value tax' or whatever, clearly has a background premise that Everything Is De Facto Owned By The State. And look, it's ok for that to be your starting premise, I guess, but then just admit you're a totalizing commie. Lay your cards on the table so we see clearly where we, respectively, stand; don't waste peoples' time pretending you're interested in marginal 'efficiencies' or whatever. You think the state by default owns everything, just say that.

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Mike Smith
Mike Smith@mikesmithdude·
@HomelessEconomy Incorrect. Land ownership and other property claims & ensuing norms are older than humanity itself. Where land is scarce, these are evolved mechanisms for avoiding much worse conflict and inability to plan and cultivate for survival. LVT is just an efficient tax. Not god.
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The Homeless Economist
The Homeless Economist@HomelessEconomy·
Its literally like seeing the code of the matrix when you learn about the origins and function of land ownership. Exclusive ownership of land is the first and primary government welfare program for citizens. All private land markets are established by a government force.
Joe Weisenthal@TheStalwart

@xwanyex Your reply is completely nonsensical. After you buy the land, what makes it “yours” is the ability to exclude others from it, which is a service that the state provides to you in a variety of ways.

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Mike Smith
Mike Smith@mikesmithdude·
@JK_Lundblad Or better yet, we could achieve (what to us now would seem like) utopian levels of economic growth by just massively cutting taxes and regulation, instead of trying to endlessly rearrange tax efficiency deck chairs on the Titanic.
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J.K. Lundblad
J.K. Lundblad@JK_Lundblad·
We could get the entire tax code under 10 pages if we adopted a simple Land Value Tax, Resources Rent Tax, and a flat VAT. Simplicity is the ultimate sophistication, the dividends this design would bring are immeasurable: A fraction of the dead weight loss. Tens of billions of compliance dollars saved. Same revenue, maybe more.
Scott Lincicome@scottlincicome

"The country’s politicians have created a tax code with 10,000 sections and innumerable carve-outs.... tax expenditures tend to fly through Congress, whereas social-spending bills tend to get stuck" theatlantic.com/ideas/2026/04/…

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Mike Smith
Mike Smith@mikesmithdude·
@feelsdesperate At the very least, the type of person who thinks legality dictates property right & morality, must consider the premise on which the laws were made in the first place: a widely-shared moral intuition about bodily & property autonomy which maps closely enough to natural rights.
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Coddled Affluent Professional
Coddled Affluent Professional@feelsdesperate·
Correct. Our rights come from God (or are ‘natural’ if you prefer that terminology) and are not bequeathed by the state. The state is illegitimate unless it protects those rights. Just by hewing to this basic understanding you can reject the entire premise of leftist technocracy.
Ryan Galloway@rsgalloway

@feelsdesperate same argument as "your rights come from the state" vs being inalienable

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Mike Smith
Mike Smith@mikesmithdude·
@PatrickHeizer I'm begging society to stop trying to mandate things. Authoritarian governments create far more costs and negative externalities than can be made up for by taxing more efficiently.
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Patrick Heizer
Patrick Heizer@PatrickHeizer·
I am begging society to make Henry George a mandatory part of the high school curriculum.
Patrick Heizer tweet media
🐺@LeighWolf

@PatrickHeizer So tax the value of the land not the house that’s on it. There’s a perverse incentive to have a trashy house. Those who meticulously maintain their homes and add value for themselves and the neighborhood are brutally punished for their efforts.

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Mike Smith
Mike Smith@mikesmithdude·
@Georgism You could end far more homelessness by *not* taxing land and ending NIMBY policies. Taxing land has temporary price lowering & capitalization benefits for 1st time homebuyers; but ultimately just adds substantial, and unpredictable costs to owning property; hurting the poorest.
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Mike Smith
Mike Smith@mikesmithdude·
@HomelessEconomy @solarbrad63 Once again, speculation does not increase housing/land prices in the long run. It is more a symptom of the supply constraints caused by NIMBY regs and the ensuing rising prices rises; not a cause of long term unaffordability. It does exacerbate cycles. So allow increased supply.
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The Homeless Economist
The Homeless Economist@HomelessEconomy·
@solarbrad63 Changing zoning without fixing the tax problem will result in higher land prices from speculation. Up zoning and shifting taxes off the buildings and onto land is the best combo strategy
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Keşfet

@jmhorp @cafreiman @mirandamelendy @thebywaterbugle @xwanyex @SpaceKoala @LimeOvrPortland @elonmusk