>Land is a finite, shared resource.

Everything is a finite shared resource.

That's the point of ownership.

>The idea of treating land as a pure asset has had a lot of negative social effects and ultimately will lead to a kind of neo-feudalism where the megarich own everything and the underclasses are perpetual renters.

The idea that land is not a pure asset leads to regular feudalism.

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AnnikaL a day ago | parent | next [-]

No, some resources aren't shared (for example, human capital: things that I know how to do aren't shared, since nobody can 'borrow' my knowledge) or are effectively infinite (for instance, you can travel arbitrarily far into outer space and not run out of space).

	▲	giantg2 a day ago \| parent [-]
		What do you think an income tax is? Its the shared resource from human capital. It doesn't have to be homogenous or even equal to be shared.

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Avicebron a day ago | parent | prev | next [-]

> The idea that land is not a pure asset leads to regular feudalism.

Yup. And despite the claims made that it's a solution for the common folk, the people who "own" and can make decisions about the land will be the megarich, so it will be feudalism, with rent due on the land you own.

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foldr 20 hours ago | parent | prev [-]

> Everything is a finite shared resource. > That's the point of ownership.

I think the point is that (up to a limit that we're a long way from reaching) we can make more toasters to satisfy any additional demand that arises for toasters. But we can't make more land to satisfy any additional demand that arises for land. So we have to share the land in a way that we don't have to share toasters.