U.S. default this fall would cost 6 million jobs, wipe out $15 trillion in wealth, study says

[Heyo]

Where is "here" that you don't have property taxes?

Germany.

Private markets also have competition limiting prices.
I'd love to charge more rent, but the market limits me.

Yep, you want profit. That is what the city (or other community) has to pay you when they pay the rent for a subsidized tenant. And that is exactly what the city saves when it owns the house. It's simple maths.
The other thing is that the city explicitly wants cheap housing so they build cheap and maintain cheap. You are going to re-invest when you can to attract better paying renters (as much as the market allows and that is exactly the problem of big cities).

Government always grants itself greater power over us
than they allow industry. This won't ever change.

Not in the US, you may be right on that.

 

[Revoltingest]

Germany.

Yep, you want profit. That is what the city (or other community) has to pay you when they pay the rent for a subsidized tenant. And that is exactly what the city saves when it owns the house. It's simple maths.
The other thing is that the city explicitly wants cheap housing so they build cheap and maintain cheap. You are going to re-invest when you can to attract better paying renters (as much as the market allows and that is exactly the problem of big cities).

Not in the US, you may be right on that.

"Simple math" is never simple in the real world.
Governmental inefficiency exceeds private sector profit
as a cost of housing. As for the problem of big cities....
Building there is very expensive for a variety of reasons,
so housing will be expensive to produce per unit area,
be it by the government or by private companies.
Offsetting factors are the lower cost of urban transit,
less land usage, & lower energy costs. So the demand
for urban housing is still there.

 

[Heyo]

"Simple math" is never simple in the real world.
Governmental inefficiency exceeds private sector profit
as a cost of housing. As for the problem of big cities....
Building there is very expensive for a variety of reasons,
so housing will be expensive to produce per unit area,
be it by the government or by private companies.
Offsetting factors are the lower cost of urban transit,
less land usage, & lower energy costs. So the demand
for urban housing is still there.

What would you say would be a very pleasing tax rate for everyone?
What would be an ideal way of a government to collect those taxes?

 

[Revoltingest]

What would you say would be a very pleasing tax rate for everyone?
What would be an ideal way of a government to collect those taxes?

17% of net income.
Capital gains income is adjusted for currency devaluation.
Augment this with a UBI.
Collect taxes by payroll withholding & quarterly payments by non-employees.

 

[Heyo]

17% of net income.
Capital gains income is adjusted for currency devaluation.
Augment this with a UBI.
Collect taxes by payroll withholding & quarterly payments by non-employees.

What about <5%? And the government owns a business to finance its costs? Like Monaco where the principal owns the casino?

 

[Revoltingest]

What about <5%? And the government owns a business to finance its costs? Like Monaco where the principal owns the casino?

I'm not a fan of government owning the means of production.
Leaders have concerns that are political, which are often at
odds with economic productivity.

 

[Heyo]

I'm not a fan of government owning the means of production.
Leaders have concerns that are political, which are often at
odds with economic productivity.

I'm not a fan of inefficiency in the name of an ideology.

 

[Revoltingest]

I'm not a fan of inefficiency in the name of an ideology.

I sense both nominal agreement, & specific disagreement in that.

 

[Friend of Mara]

U.S. default this fall would cost 6 million jobs, wipe out $15 trillion in wealth, study says (msn.com)







I think we knew this would come eventually. 30-40 years of fiscal irresponsibility has definitely had its effects.

Eventually, we'll have to either cut spending or raise revenue - or a combination of the two.

One way of cutting spending is by reducing the prices of things our government spends money on, particularly in the areas of healthcare and defense.

There might be inventive ways of raising revenue. Since the U.S. government seems to love capitalism so much, then perhaps selling advertising space on public buildings and other properties might be just the thing. They could even have sponsors for press conferences and sessions of Congress.

Reporter: And what's the President's plan for the Middle East?
Psaki: I'll answer that in a moment, after a brief word from our sponsors. Friends, whenever I get irregularity, I take Ex-Lax, but I always make sure to never squeeze the Charmin.

Things like that, they could probably do.

What other ways of cutting spending and/or raising revenues are there?

What would you cut in healthcare? We already spent a minute amount.

The easiest way to increase revenue would be to close the loopholes for taxes. I am all for reducing military spending.

 

[Heyo]

What would you cut in healthcare?

Example: let the VA, hospitals and insurances negotiate drug prices. The drug prices in the US are a multiple of what they are elsewhere.

 

[Friend of Mara]

Example: let the VA, hospitals and insurances negotiate drug prices. The drug prices in the US are a multiple of what they are elsewhere.

that is a good one. Even better why not regulate the price of drugs.

 

[Terrywoodenpic]

that is a good one. Even better why not regulate the price of drugs.

We do not even do that in the UK. though we negotiate very hard. The NHS as the biggest single buyer in the world. has a lot of negotiating power.

Even items like hearing aids it gets for a small fraction of the private rate.

 

[Friend of Mara]

We do not even do that in the UK. though we negotiate very hard. The NHS as the biggest single buyer in the world. has a lot of negotiating power.

Even items like hearing aids it gets for a small fraction of the private rate.

If the US had a single payer healthcare system (which I do advocate for) then the regulation of the prices would be unnecessary assuming they had negotiation power.