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Rent = How Much $ Do You Have?

Rent = How Much $ Do You Have? | TO ELIMINATE POVERTY, WE NEED GOVERNMENT TO GIVE EVERYONE MONEY; WON'T THAT JUST RAISE EVERYONE'S RENT? | image tagged in income taxes,rent,wages,welfare,money,economics | made w/ Imgflip meme maker
1,218 views 10 upvotes Made by TaxLandNotMan 1 year ago in politics
Di Caprio Inception memeCaption this Meme
18 Comments
2 ups, 1y
FUN FACT.......

If you removed government deficit spending, the economy is growing at --.08%
1 up, 1y,
1 reply
Lol if the people could find a way to stop paying the governments.... It's not like the state and Fed get along anyways .. why not have a union running on one government that gets paid by taxes...
0 ups, 1y,
1 reply
We CAN stop paying taxes by using "the single tax". Land ownership is what the government protects. So, the only tax should be for land ownership. It doesn't really cost anything because land value is created by the community. So, paying land value tax instead of all the other taxes still enables the government to get enough money, but we can make all the money we want without taxation and we will have, in effect, equal access to land. So, involuntary poverty will be non-existent.
0 ups, 1y,
1 reply
Tell that to the farmer being taxed 3000 + an acre in certain states. I don't think you understand who owns land and who pays taxes on it. The states don't pay taxes on public lands, or roads, so I see a big problem relying soly on land tax.
0 ups, 1y,
3 replies
The reason land is so expensive is the tax is low enough to reward people for owning land asxan investment. If the only tax is on land, investors will sell 100% of their land immediately. It will not be profitable to sit on land.

That means all land, especially rural land, will become cheap since only users will want to buy it. If investors didn't want to own farmland, farmland would not be expensive.
0 ups, 1y,
1 reply
I don't know where you live but I can tell you that there is no benefit to owning land when the state is setting the property tax high enough to kill the owner
0 ups, 1y,
2 replies
Property tax is 2 taxes. One is on the land and the other is on the structure. The basis of classical ("laissez faire") economic theory is that land and the products of human labor are fundamentally different. But "property tax" lands on both the same way because our economic system is built to drain everyone's labor, not free us. And public ignorance about the basic science of economics is necessary to accomplish that.
0 ups, 1y,
1 reply
You still don't get that if a farm has a property on it it is than taxed accordingly depending on the state in which you live, and then the income made from production of that property is than taxed as income. Land is taxed accordingly per acre depending on what state you live.
0 ups, 1y
So than you add all that up land owners can easily owe 280 k a year just because they are taxed 1,000 dollars per acre and own 280 acers. Depending on the state and county in which you live and own land in.
0 ups, 1y
The big kicker, property tax is calculated on the tax assessed value. So if the local government says the property is worth x amount than the owner is forced to pay more because of the assessed tax value. The government than can tax a individual out of their property. Thus depending on the state and tax district in which you live and own property.
0 ups, 1y
Farm land is expensive because the value is assessed and taxed upon per acre. I don't know about you but the families that have a generation of 200 years of land ownership and haven't sold out will have a hard time just saying hear have some land. In what world would anyone but the native American be entitled to cheap land ownership?
0 ups, 1y,
2 replies
Have you spent 6 generations of paying taxes just to turn around to sell and pay more taxes on the final sale.... ? That's why generation of smart land owners teach the importance of hard work and lineage but there is not much of that left.... And you can gladly look up a thing called a Scully lease. We're talking a 99 year lease to farm land pay rent on top of the property taxes and never own a chunk of the property. Mr Scully had it all figured out. It's how the WW2 generation got into farming because they were to poor to purchase land.
0 ups, 1y
Land will not be expensive if the profit is removed from holding it.

When sitting on land for 20 years COSTS money instead of EARNING money, nobody will buy land unless they actually need land for something.

You are describing the world where owning land is a good investment. Imagine if it weren't. Everyone would be a landlord since we all have to sleep on it every night.
0 ups, 1y,
1 reply
If you want to keep the land in your family, you want the land to be unprofitable as an investment. That means you want the land value tax -- as a % -- to be high.

Farming is no easier on expensive land than on cheap land.

But if you just want to sell off your family's legacy for an inflated price, you want land tax, as a %, to be low.
0 ups, 1y,
2 replies
Your absolutely clueless. Decades of farming has destroyed land and eroded it away. The reason land is expensive or cheap depends on the governments assessment. Some land owners are working really hard to repair while using conservation techniques. It's the government that subsidies crops, and crp land leases. So land that was once sold and valued at .50c to 1.00 an acre is now 5,000 + an acre. In rural areas the only tax payer around is a farmer/ land owner. It's not right to charge astronomical tax per acre just because China is buying up land in America.
0 ups, 1y
Unless you spend the years paying taxes that exceed the value of the land year after year, just to watch the government squander it, than I think you would understand.
0 ups, 1y
If the profit is removed from land price speculation, farming will become easy. Farmers gain nothing from farming on artificially expensive land.
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TO ELIMINATE POVERTY, WE NEED GOVERNMENT TO GIVE EVERYONE MONEY; WON'T THAT JUST RAISE EVERYONE'S RENT?