| Re: Iran Presenting An Excellent Argument for Georgism |
|
 |
|
 |
|
 |
|
 |
Group: alt.philosophy · Group Profile
Author: PubliusPublius Date: Jul 16, 2008 17:23
> Wrong. The market would just be in periodic use rights rather than
> perpetual ownership rights. You appear to be unaware that there are
> markets in use rights to land that can't be privately owned and thus
> has no capital value, like federal range land, community land trust
> land, etc.
>
>>With no
>>market, there is no way to determine the value,
>>aside from arbitrary and capricioius bureaucratic
>>fiat. Reductio ad absurdum. QED. Case closed.
>>One more utopia shot down.
>
> No, you are just ignorant of the relevant economics.
I hate to launch a second thread on this topic, but it is you who are
ignorant of the relevant economics, as usual. Gummint-owned land will have
a capital and market value as long as a market exists. The value of a
particular gummint-owned parcel will be established via comparables, and be
carried on the gummint's books with that value. When and if the gummint
ever decides to sell that parcel, it will set a price based on that value.
If all land is owned by the gummint, however, and may not be sold to to
aqnyone else, then there is no longer a market, and "market values" become
meaningless.
| 
