tag:blogger.com,1999:blog-1141932539860553199.post4799876339292172968..comments2024-03-05T10:52:24.691+00:00Comments on Mark Wadsworth: Killer Arguments Against LVT, Not (395)Mark Wadsworthhttp://www.blogger.com/profile/07733511175178098449noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-1141932539860553199.post-89671167985256989752016-05-20T16:34:20.315+01:002016-05-20T16:34:20.315+01:00So what exactly do you own if you pay even more th...So what exactly do you own if you pay even more than $260k of income and payroll taxes over 20 years of working? If we can't own our labour, is it reasonable to say the select few can own land in its entirety?mombershttps://www.blogger.com/profile/09650866436764567516noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-43589349104432903332016-05-20T16:12:56.663+01:002016-05-20T16:12:56.663+01:00"If the bubble pops in a recession that also ..."If the bubble pops in a recession that also costs you your job, well tough luck"<br /><br />What the hell has this got to do with LVT? The solution is full employment policies (e.g. a Job Guarantee.)Randomhttps://www.blogger.com/profile/04445772572707818311noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-12600198817396866432016-05-20T13:50:11.813+01:002016-05-20T13:50:11.813+01:00M, another good point.M, another good point.Mark Wadsworthhttps://www.blogger.com/profile/07733511175178098449noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-18533047791782992362016-05-20T13:01:08.158+01:002016-05-20T13:01:08.158+01:00LVT is based on rental values, not selling prices,...LVT is based on rental values, not selling prices, so no need to worry about price volatility. Rents are a lot less volatile and of course are highly correlated to wages, so very few people will be 'priced out' anyway. Of those that are, how many are renters and have no recourse to the homeownerist sob story in any case? LVT would greatly reduce price volatility of course, doing humankind a solid.mombershttps://www.blogger.com/profile/09650866436764567516noreply@blogger.com