26 Matching Annotations
  1. Jan 2023
    1. there's a landlord tax the the  one percent in their day were the landlords you   have to tax away the land rent and make that  the public uh tax base not income not taxes on   consumer goods not taxes on capital because you  want good capital investment you want fortunes to   00:45:07 be made in a good way that add to the economy's  productivity you don't want them to be made in   a predatory bad way uh the whole fight to tax  economic rent and to even recognize that most   income is unearned when you talk about the uh  income disparity almost all this disparity is   unearned income it's economic rent it's not  income that's made by increasing uh production   00:45:33 it's not income that's made by increasing living  standards it's just predatory rent seeking from   special privileges that the wealthy have gained  from government and today it's not the landlord   class anymore as it was in the 19th century it's  the financial class and the raw materials class   uh and uh without dealing uh with this uh  cl structure i don't uh the system is going   00:45:57 to shrink and shrink and we've seen this before  we saw it in rome the same kind of polarization   and concentration of wealth in the roman empire  well the last stage of that is feudalism so we're   back to what rosa luxemburg said the choice is  between socialism and barbarism basically and uh   there's no other way to do it you can't  solve the problems within the existing system   00:46:23 because it's controlled already by the one  percent

      Micheal Hudson : tax the rent seeking class or face barbarism like in Rome - The situation today is degrading in the same way Rome degraded into feudalism - rent seeking class today is not the landlord class, but the financial and raw materials class that are making large fortunes from rent seeking - that is the system level reform necessary today

  2. Dec 2022
    1. That same enshittification is on every platform, and "freedom of speech is not freedom of reach" is just a way of saying, "Now that you're stuck here, we're going to enshittify your experience."
    2. They didn't block new features for shits and giggles, though – the method to this madness was rent-extraction. The iron-clad rule of the Bell System was that anything that improved on the basic service had to have a price-tag attached. Every phone "feature" was a recurring source of monthly revenue for the phone company – even the phone itself, which you couldn't buy, and had to rent, month after month, year after year, until you'd paid for it hundreds of times over. This is an early and important example of "predatory inclusion": the monopoly carriers delivered universal service to all of us, but that was a prelude to an ugly, parasitic, rent-seeking way of doing business:

      Predatory inclusion is a form of rent-seeking in which one preys on customers using monopoly power to extract excessive value for small add-on services.

  3. Nov 2022
  4. Jul 2022
    1. Speculation, herd exuberance, irrational optimism, rent-seekingand the temptation o f fraud drive asset markets to overshoot andplunge - which is why they need careful regulation, something Ialways supported. (M arkets in goods and services need lessregulation.)
  5. Jan 2022
    1. New Developments, Frontline Golf, Sea Views, Frontline Beach and more

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  6. Nov 2021
    1. Slaying the ‘rent dragon’ — by capturing more of the ‘rents’ extracted from communities and using them to eliminate the rents charged to communities — would enable a latent pile of ‘gold’, in the form of money and human energy, to go to productive activities that deliver community and social benefit.

      Trying out these existing rent dragon slaying models to see what works in the local context is really important to a thriving commons.

  7. Aug 2021
    1. we know the point of taxes is not actually to raise revenue, the point is to reduce consumption to decrease demand in the economy.

      This is a good general statement, but it ignores the fact that taxes on the "rich" also serve the function of recapturing wealth that has been acquired through rent-seeking behaviors. The bulk of income to those with the highest "earning" is actually unearned income resulting from rents.

  8. Jul 2021
    1. A report by the Urban Institute found half those aged 18 to 34 were spending upward of 30% of their income on rent, making them “rent-burdened.”2 Meanwhile, median housing prices increased 28% in the last two years,3 pricing some out of the market.
  9. Mar 2021
    1. As well as the discussion about what is really meant by a ‘domain of one’s own‘

      Societies have been inexorably been moving toward interdependence. More and more people specialize and sub-specialize into smaller fragments of the work that we do. As a result, we become more interdependent on the work of others to underpin our own. This makes the worry about renting a domain seem somewhat disingenuous, particularly when we can reasonably rely on the underlying structures to work to keep our domains in place.

      Perhaps re-framing this idea may be worthwhile. While it may seem that we own our bodies (at least in modern liberal democracies, for the moment), a large portion of our bodies are comprised of bacteria which are simultaneously both separate and a part of us and who we are. The symbiosis between people and their bacteria has been going on so long and generally so consistently we don't realize that the interdependence even exists anymore. No one walks around talking about how they're renting their bacteria.

      Eventually we'll get to a point where our interdependence on domain registrars and hosts becomes the same sort of symbiotic interdependence.

      Another useful analogy is to look at our interdependence on all the other pieces in our lives which we don't own or directly control, but which still allow us to live and exist.

      People only tend to notice the major breakdowns of these bits of our interdependence. Recently there has been a lot of political turmoil and strife in the United States because politicians have become more self-centered and focused on their own needs, wants, and desire for power that they aren't serving the majority of people. When our representatives don't do their best work at representing their constituencies, major breakdowns in our interdependence occur. We need to be able to rely on scientists to do their best work to inform politicians who we need to be able to trust to do their best work to improve our lives and the general welfare. When the breakdown happens it creates issues to the individual bodies that make up the society as well as the body of the society itself.

      Who's renting who in this scenario?

  10. Feb 2021
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  11. Oct 2020
  12. Sep 2020
    1. When Japanese companies threatened to take over the American microchip market, the libertarian computer capitalists of California had no ideological qualms about joining a state-sponsored cartel organised by the state to fight off the invaders from the East! 

      A good example of so-called capitalists playing the do as we say and not as we do game.

  13. Jul 2020
  14. Jun 2020
  15. Apr 2019
    1. one way that localities could qualify for grants under the Warren bill is by implementing rent stabilization or rent control.

      By making sure renters stay where they are and that landlords cannot get market rent for their properties, it will discourage the building of rental units and encourage the selling of existing rental units.

  16. Feb 2018
    1. Lease Year 1-3 4-7 Minimum Rent $60,000.00 $70,000.00 Monthly Minimum Rent $5,000.00 $5,833.33 Minimum Rent Per Sq. Ft. $48.94 $57.10
    2. agree to pay monthly in advance on the first day of each month, as reasonable compensation for the use and occupancy of the Premises

      TT shall pay LL, as Additional Rent, TT’s proportionate share of Common Area Expenses is initially estimated to be $8.74/SF/annum, shall be payable in advance on or before the 1st day of each month.

  17. May 2016