[BobaFloutist]

That seems really annoying to deal with. It's possible it would lead to a better society eventually, but in the short term I'd rather speculators not buy my shitbox car out from under me because they spotted the chip shortage before I did.

[whatshisface]

It might not be so bad if you were allowed to accept an increase in your tax assessment rather than selling at the new price.

[JumpCrisscross]

> might not be so bad if you were allowed to accept an increase in your tax assessment rather than selling at the new price

Sounds like a bonanza for developers.

[whatshisface]

I think that's the point, to free up all the economic activity that's being held up by patents, copyright and land underuse, and to get fair tax assessment on assets previously exempt from property taxes as a bonus.

[JumpCrisscross]

I don't see how this has anything to do with patents or copyright. Presumably, those would be subject to this seizure mechanism and thus flow to those most willing to enforce their claims.

Like, 99% of the activity under such a mechanism would be transfers of financial assets.

[lotsofpulp]

A power law land value tax would take care of most of the problem at almost no cost (since land is assessed regularly anyway).

This should completely replace income tax. Copyright terms should also be 10 years, maybe 15 max. Patents could probably stay as is, but I don’t see any problem reducing them too.

[JumpCrisscross]

> power law land value tax would take care of most of the problem at almost no cost (since land is assessed regularly anyway)

Sure. This is a totally different proposal.

Would note that you could go a long way to making this proposal electorally appealing by exempting primary residences. (In my experience, the assessed value of a home is at best loosely related to its market value.)

[throwway120385]

The unstated assumption here is that efficiency is the most important thing, rather than any of a number of other things we could value like stability, security, safety, reliability, and so on. The problem with efficiency-driven ideas is that they almost always will result in a bunch of people with money descending on a bunch of people without money and exploiting the difference to...make money.