tag:blogger.com,1999:blog-1141932539860553199.post6859145558587381226..comments2024-03-05T10:52:24.691+00:00Comments on Mark Wadsworth: Rural basic income ‘maximizes impact’ for societyMark Wadsworthhttp://www.blogger.com/profile/07733511175178098449noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-1141932539860553199.post-78464235861738273362018-03-07T22:54:29.878+00:002018-03-07T22:54:29.878+00:00BJ: "Rents arise from differences in location...BJ: <i>"Rents arise from differences in locational productivity"</i><br /><br />Agreed.<br /><br /><i>"If you think EU farm subsidies narrow those differences then they probably reduce rents too"</i><br /><br />The subsidies for farmland don't increase rural productivity, they probably reduce it. The payments don't go to people in rural areas, they go to faceless wealthy people who live in London.<br /><br />What John meant is reducing income disparities, which taken in isolation would reduce rents in non-rural areas. Question is (and I don't know the answer) is to how to stop those payments seeping back into land rents in rural areas.Mark Wadsworthhttps://www.blogger.com/profile/07733511175178098449noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-4010180576103659262018-03-07T20:51:31.423+00:002018-03-07T20:51:31.423+00:00@ Mike W
Rents arise from differences in location...@ Mike W<br /><br />Rents arise from differences in locational productivity. If you think EU farm subsidies narrow those differences then they probably reduce rents too.<br /><br />If a countryside CI redistributed incomes back to the margins, it reduce rental incomes everywhere else. <br /><br />benjhttps://www.blogger.com/profile/11544297406005346095noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-69697935531854579232018-03-07T19:47:11.264+00:002018-03-07T19:47:11.264+00:00John M, can I congratulate you for thinking about ...John M, can I congratulate you for thinking about the introduction of LVT and CI in such an original manner (IMHO).One as the bait for the other.Very good. I will read your booklet later. My first thought though is, do I want to make voluntary LVT for any group? After all even the modern concession to the 'widow bogey'is just a rollover. LVT will face political burial like last time.I would worry that the countryside would be used as the next location! Just asking from first thought.<br /><br />'It would still need to be funded by LVT- otherwise any rural property would see a rent hike equal to the CI available.'<br /><br />Ben J - To be honest, I thought TBH was invoking law of rents. I assumed landowner will treat 'countryside CI', like EU farm subsidy, and bake it into the farmer's rent as well.MikeWhttps://www.blogger.com/profile/15455583313857077618noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-36068147535076976942018-03-07T16:06:12.260+00:002018-03-07T16:06:12.260+00:00In the booklet I published which the article is ba...In the booklet I published which the article is based on (called The Countryside Living Allowance) I advise that the income should be conditional on the recipient voluntarily agreeing to pay a Land Value Tax. For people who don't own property, the income is automatic, those who do own low value land might decide its a deal worth agreeing to, those who own high value land would probably opt out.<br /><br />The booklet suggests using a kind of basic income as a bargaining chip to slowly phase in Land Value Tax (which wouldn't rise for marginal land, but could be very significant if clusters of new towns were built in the Countryside) Johnhttps://www.blogger.com/profile/15656280975553566769noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-20339584661535006852018-03-07T00:14:04.236+00:002018-03-07T00:14:04.236+00:00@ TBH
Higher incomes don't feed into higher r...@ TBH<br /><br />Higher incomes don't feed into higher rents. Bigger differences in income between marginal and infra-marginal location do. Think Ricardo's Law of Rent.<br /><br />Assuming the rural CI resulted in a net transfer of incomes back to the margins, it would result in a drop in rental incomes/selling prices throughout the UK from what ever source of tax used to fund it.<br /><br />benjhttps://www.blogger.com/profile/11544297406005346095noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-66318817437508026932018-03-06T14:47:05.982+00:002018-03-06T14:47:05.982+00:00It would still need to be funded by LVT- otherwise...It would still need to be funded by LVT- otherwise any rural property would see a rent hike equal to the CI available.ThomasBHallhttps://www.blogger.com/profile/08998362261169422976noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-29457701773238949722018-03-06T06:49:16.706+00:002018-03-06T06:49:16.706+00:00Compensates for the flow of money out of regions. ...Compensates for the flow of money out of regions. You're familiar with this book?<br /><br />https://www.amazon.co.uk/Ecology-Money-Richard-J-Douthwaite/dp/1870098811Sackersonhttps://www.blogger.com/profile/17284329249862764601noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-80762839716001486472018-03-05T21:01:29.633+00:002018-03-05T21:01:29.633+00:00So long as we all pay, and get paid what we are ow...So long as we all pay, and get paid what we are owed, the market can best allocate resources. Including the spatial allocation of labour.<br /><br />No need to over complicate matters. Any Citizens Income shortfall funded from higher taxes on output would introduce extra deadweight loss that offset some of the benefits. But would also reduce rents and house prices overall.<br /><br />Which is why funded from a LVT/reformulated CT, is best ie zero costs.<br /><br />Would not reduce rents as paid by landlords, but would have exactly the same effect on tenant incomes thus affordability.<br /><br /><br /><br />benjhttps://www.blogger.com/profile/11544297406005346095noreply@blogger.com