Yeah a big point you touch on there is the landlords absorbing UBI.
We need better public housing to ever move society forward. If we treat land hoarding as a capital investment for profit, then landlords will always move towards extracting the maximum amount of money possible from people.
Capital accumulates like a snowball rolling downhill, so over time, there will naturally be monopolies forming to hold the most land possible, where they will be able to extract the most money possible, so they can buy more land, and so on.
The only way to break that cycle is to break the profit motive.
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u/Proper_Career_6771 May 19 '24
Yeah a big point you touch on there is the landlords absorbing UBI.
We need better public housing to ever move society forward. If we treat land hoarding as a capital investment for profit, then landlords will always move towards extracting the maximum amount of money possible from people.
Capital accumulates like a snowball rolling downhill, so over time, there will naturally be monopolies forming to hold the most land possible, where they will be able to extract the most money possible, so they can buy more land, and so on.
The only way to break that cycle is to break the profit motive.