[ChuckNorris89]

> That sounds great until you spend 5 minutes thinking about it...

You and I don't have to think about this for five minutes as that's too little time and we're not qualified, but I'm sure if we round up all the top economists and university graduates of the G20 countries and put them together in a luxury resort in the alps to brain storm for a few months, I'm sure they'll be able to come up with a better economic land lease model than the system we have now which only encourages multi generational, winner-takes-all, land hoarding scheme for rent seeking purposes, where the earliest who got in the market got a great deal which they can use as leverage to acquire more land over time, and the ones getting into the market now are completely priced out and screwed as the pie is fixed in size and has already been called dibs on.

Basically, we need a system that resets the monopoly board from time to time as currently you're entering the game from square one while others inherited a better starting position with more assets to boot.

I'm sure such a system could be designed if desired but that's not what's desired as the elites and people in power with entrenched wealth don't want to lose their position on the board.

[scatters]

This has already been solved. The solution is a land value tax.

[ChuckNorris89]

Maybe the land value taxes are (intentionally) too low for the super rich who own lots of land?

Maybe we need a differential land tax system that's very low taxes for small areas intended for personal living(shelter), and taxes that go up progressively the more land you own, especially if you use it to rent-seek. It should discourage land hoarding and feudalistic rent seeking.

@benj111 That was just an example off the top of my head. Obviously more qualified people than me can come with a sensible model that accounts for farms and other land used by businesses who need it. My main idea was to discourage rent seeking not farms and other businesses who contribute to society.

[tekknik]

What is the definition of too much land? If I save up for my entire life making $100k a year across the family and buy 100acres should the gov be able to tax me off that land?

[benj111]

How would farms fit in this model?

[mschuster91]

Farm land is already differently taxed in most parts of the world.

[benj111]

Right but we are talking about introducing a new model

[llampx]

Where has this been solved and a land value tax implemented?

[scatters]

https://en.wikipedia.org/wiki/Land_value_tax#Implementation