Buying Airspace?

[San Lumen]

No you change the zoning law to ban these ugly pencil like towers

You use ugly a lot. Me thinks that your problem with them is mostly aesthetics.

And that the mega rich and using them as investments for their wealth

[Thermodolia]

Why shouldn't they be allowed to again? Because, like, a couple of rich dudes decided to buy some land/air to build towers and that magically caused the New York housing shortage?

It raises rent across the city and pushes people like me out

Sounds like a problem with the rent control system

[Hammer Britannia]

You use ugly a lot. Me thinks that your problem with them is mostly aesthetics.

And that the mega rich and using them as investments for their wealth

And that's a bad thing?

[Ors Might]

You use ugly a lot. Me thinks that your problem with them is mostly aesthetics.

And that the mega rich and using them as investments for their wealth

Okay? Is there something wrong with that? Because that has nothing to do with affordable housing for the homeless or cheaper rent for urbanites like you.

[Thermodolia]

You use ugly a lot. Me thinks that your problem with them is mostly aesthetics.

And that the mega rich and using them as investments for their wealth

And? I’d rather they build shit which can make a shit ton in property taxes than sending it overseas

[Ors Might]

And that the mega rich and using them as investments for their wealth

And? I’d rather they build shit which can make a shit ton in property taxes than sending it overseas

This is essentially the rich volunteering to pay more in taxes than they would otherwise. And Lumen wants to discourage that.

Is Lumen a Right-Libertarian in disguise?

[Thermodolia]

And that the mega rich and using them as investments for their wealth

Okay? Is there something wrong with that? Because that has nothing to do with affordable housing for the homeless or cheaper rent for urbanites like you.

Honestly the property taxes from those towers could be used to make affordable rent controlled housing. So I see them as a net good

[Hammer Britannia]

I would also like to point out these "Ugly Pencil Towers" are not just tall CN Tower esc buildings with one or two apartment rooms. They're extremely large apartment complexes that can house hundreds of people (even if it's reserved for the rich).

[Thermodolia]

And? I’d rather they build shit which can make a shit ton in property taxes than sending it overseas

This is essentially the rich volunteering to pay more in taxes than they would otherwise. And Lumen wants to discourage that.

Is Lumen a Right-Libertarian in disguise?

Well he hates unions and thinks Reagan firing striking workers was the best thing ever so ya I think he’s more Right-Libertarian than he lets on

[Thermodolia]

I would also like to point out these "Ugly Pencil Towers" are not just tall CN Tower esc buildings with one or two apartment rooms. They're extremely large apartment complexes that can house hundreds of people (even if it's reserved for the rich).

And each apartment can be taxed and the entire value of the building itself can be taxed as well.

[Ors Might]

This is essentially the rich volunteering to pay more in taxes than they would otherwise. And Lumen wants to discourage that.

Is Lumen a Right-Libertarian in disguise?

Well he hates unions and thinks Reagan firing striking workers was the best thing ever so ya I think he’s more Right-Libertarian than he lets on

From the Clintons to San Lumen, I think we can safely say that Liberals are the go to disguises for lizard people and Right-Libertarians alike.

[Hammer Britannia]

Pls no bully right-libs

[San Lumen]

I would also like to point out these "Ugly Pencil Towers" are not just tall CN Tower esc buildings with one or two apartment rooms. They're extremely large apartment complexes that can house hundreds of people (even if it's reserved for the rich).

And they will be largely unoccupied

[Ors Might]

Pls no bully right-libs

don’t worry fren, we’ll purge you last

[Thermodolia]

I would also like to point out these "Ugly Pencil Towers" are not just tall CN Tower esc buildings with one or two apartment rooms. They're extremely large apartment complexes that can house hundreds of people (even if it's reserved for the rich).

And they will be largely unoccupied

And? Weather they are unoccupied or not doesn’t bother me. If its unoccupied yet owned by someone for for more than 6 months out of a year then you apply an non-use of residence tax to the monthly bill. This is in addition to the apartment tax that’s all ready in place.

[Ors Might]

I would also like to point out these "Ugly Pencil Towers" are not just tall CN Tower esc buildings with one or two apartment rooms. They're extremely large apartment complexes that can house hundreds of people (even if it's reserved for the rich).

And they will be largely unoccupied

Lumen, why do you hate taxing the property of the rich?

[San Lumen]

And they will be largely unoccupied

Lumen, why do you hate taxing the property of the rich?

I’ll take things I didn’t say for 1000 please

What I said was I don’t like ugly buildings taking up valuable land and being eyesores on the skyline

[Ors Might]

Lumen, why do you hate taxing the property of the rich?

I’ll take things I didn’t say for 1000 please

What I said was I don’t like ugly buildings taking up valuable land and being eyesores on the skyline

Valuable land being land nobody could afford anyway. And your whining about eyesores is just that.

So all in all, these towers could be a could thing with rent control and proper taxation.

[Thermodolia]

Lumen, why do you hate taxing the property of the rich?

I’ll take things I didn’t say for 1000 please

What I said was I don’t like ugly buildings taking up valuable land and being eyesores on the skyline

So this just boils down to your opinion

[Thermodolia]

I’ll take things I didn’t say for 1000 please

What I said was I don’t like ugly buildings taking up valuable land and being eyesores on the skyline

Valuable land being land nobody could afford anyway. And your whining about eyesores is just that.

So all in all, these towers could be a could thing with rent control and proper taxation.

You could have property taxes, an apartment tax for each apartment that is rented out for over $3000 a month, and a unoccupied tax.

Three possible different taxes that could make upwards of $10 million versus Banning towers.

[Ors Might]

Valuable land being land nobody could afford anyway. And your whining about eyesores is just that.

So all in all, these towers could be a could thing with rent control and proper taxation.

You could have property taxes, an apartment tax for each apartment that is rented out for over $3000 a month, and a unoccupied tax.

Honestly, I think we’ve hit a gold mine here.

[Ostroeuropa]

Scrap property taxes and bring in a land value tax and this will resolve the issue of unused buildings and lack of space.

Valuable land being land nobody could afford anyway. And your whining about eyesores is just that.

So all in all, these towers could be a could thing with rent control and proper taxation.

You could have property taxes, an apartment tax for each apartment that is rented out for over $3000 a month, and a unoccupied tax.

Three possible different taxes that could make upwards of $10 million versus Banning towers.

A land value tax is better and doesn't penalize people for developing properties, it penalizes them for using land. In this case, it would also be appropriate to levy an airspace value tax along the same rationales.

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

Economists on both the left and the right agree it is the optimal tax. The only reason to oppose it is if you favor centralization of wealth, property, and so on.

It also penalizes speculative land holding and could revitalize rundown inner city areas.

For example, Harrisburg, Pennsylvania in the United States has taxed land at a rate six times that on improvements since 1975. This policy was credited by mayor Stephen R. Reed with reducing the number of vacant structures in downtown Harrisburg from around 4,200 in 1982 to fewer than 500.

, this is functionally what is happening here. It's just a big, pretty, empty building. We know this kind of tax penalizes empty buildings and makes people want to sell them and find other sources of investment, and doesn't negatively impact property owners more than the property tax.

It also has almost perfect tax efficiency, as you cannot hide land existing in this country overseas, even if you can stash it in "Property" overseas.

The value of land is related to the value it can provide over time. This value can be measured by the ground rent that a piece of land can rent for on the market. The present value of ground-rent is the basis for land prices. A land value tax (LVT) will reduce the ground rent received by the landlord, and thus will decrease the price of land, holding all else constant. The rent charged for land may also decrease as a result of efficiency gains if speculators stop hoarding unused land.

Real estate bubbles direct savings towards rent seeking activities rather than other investments and can contribute to recessions. Advocates claim that LVT reduces the speculative element in land pricing, thereby leaving more money for productive capital investment.[23]

At sufficiently high levels, land value tax would cause real estate prices to fall by removing land rents that would otherwise become 'capitalized' into the price of real estate. It also encourages landowners to sell or relinquish titles to locations that they are not using. This might cause some landowners, especially pure landowners, to resist high land value tax rates. Landowners often possess significant political influence, so this may explain the limited spread of land value taxes so far.

This is important for the millenial generation and so on too.

[Unstoppable Empire of Doom]

I am all for building towers. The trick is to levy massive taxes on unoccupied space in high demand areas. That will incentives them to rent it out. I hardly care if it is rented to rich or poor, so long as they live there. Let the free market do what it will but temper it with taxation when it harms society. Similar taxes should be levied on HOA developments which completely fuck traffic.

[The Two Jerseys]

And that the mega rich and using them as investments for their wealth

Okay? Is there something wrong with that? Because that has nothing to do with affordable housing for the homeless or cheaper rent for urbanites like you.

But Ors, don't you know that the rich are supposed to buy insanely expensive land, build affordable housing on it, and operate at a loss like they're a charity or something?

[San Lumen]

Okay? Is there something wrong with that? Because that has nothing to do with affordable housing for the homeless or cheaper rent for urbanites like you.

But Ors, don't you know that the rich are supposed to buy insanely expensive land, build affordable housing on it, and operate at a loss like they're a charity or something?

Or how about changing the law to not allow foreign oligarchs to build these ugly penthouses no one will occupy and thereby wasting land