embedded machine learning research engineer - georgist - urbanist - environmentalist
- 93 Posts
- 381 Comments
4·2 years agoExactly. I’ve seen it with faaaaaar too many tankies and even populist leftists. Instead of advocating for empirically-driven policy that would measurably improve the world, there’s a ton of rhetoric about how we just need to punish capitalists/fascists/landlords/neolibs/billionaires/etc. harder to fix the world’s problems.
At this point, I think it’s just a deep-rooted flaw of the human psyche that we’re just inclined towards trying to force our solutions through by punishing those who oppose us, rather than trying to deeply understand the dynamics at play and changing the underlying structure to incentivize the outcomes we want.
And if we fail to address the tendency towards knee-jerk, brute-force, authoritarian “solutions” to problems within our own ranks, we’ll meet the same fate as every other revolution-turned-brutal-dictatorship.
9·2 years agoThe raison d’être for RISC-V is domain-specific architecture. Currently, computational demands are growing exponentially (especially with AI), but Moore’s Law is ending, which means we can no longer meet our computational demands by scaling single-core speed on general-purpose CPUs. Instead, we are needing to create custom architectures for handling particular computational loads to eke out more performance. Things like NPUs, TPUs, etc.
The trouble is designing and producing these domain-specific architectures is expensive af, especially given the closed-source nature of computer hardware at the moment. And all that time, effort, and money just to produce a niche chip used for a niche application? The economics don’t economic.
But with an open ISA like RISC-V, it’s both possible and legal to do things like create an open-source chip design and put it on GitHub. In fact, several of those exist already. This significantly lowers the costs of designing domain-specific architectures, as you can now just fork an existing chip and make some domain-specific modifications/additions. A great example of this is PERCIVAL: Open-Source Posit RISC-V Core with Quire Capability. You could clone their repo and spin up their custom RISC-V posit chip on an FPGA today if you wanted to.
It also had a second rule set where a land value tax was implemented, and the winning condition was when everyone made a minimum amount of money.
A land value tax (LVT) is a levy on the value of land without regard to buildings, personal property and other improvements upon it.[1] It is also known as a location value tax, a point valuation tax, a site valuation tax, split rate tax, or a site-value rating.
Some economists favor LVT, arguing it does not cause economic inefficiency, and helps reduce economic inequality.[2] A land value tax is a progressive tax, in that the tax burden falls on land owners, because land ownership is correlated with wealth and income.[3][4] The land value tax has been referred to as “the perfect tax” and the economic efficiency of a land value tax has been accepted since the eighteenth century.[1][5][6] Economists since Adam Smith and David Ricardo have advocated this tax because it does not hurt economic activity, and encourages development without subsidies.
LVT is associated with Henry George, whose ideology became known as Georgism. George argued that taxing the land value is the most logical source of public revenue because the supply of land is fixed and because public infrastructure improvements would be reflected in (and thus paid for by) increased land values.[7]
It’s just a stupidly good tax policy, and we should be implementing it in more places.
Yeah, this is the one piece a lot of people miss: in any decently competitive market, individual firms have effectively zero power to set prices; they must instead accept the prices determined by the market.
Knowing that, the solution to that sort of corporate BS, then, is to ensure markets are competitive by busting monopolies, lowering barriers to entry, and getting money out of politics to reduce the effect of lobbying.
6·2 years agoThat’s actually the neat thing about land value taxes; both in economic theory and observed practice, they can’t be passed on to tenants.
It would absolutely be a boon for the poor if we replaced other forms of taxation (such as on sales and income) with land value taxes. Plus, land value taxes tend to make housing cheaper, which helps the poor as well.
When Milwaukee implemented a housing-first homeless policy, they actually saved money.
Turns out that, by almost completely eliminating homelessness, you can save a lot of money on the legal system, policing, healthcare, and other costs associated with homelessness.
Housing-first homeless policy is the obvious solution: it’s humane, it’s effective, and it saves us money.
Exactly. People love to treat it as “a war on cars/lawns/etc.”, but it’s really a war on everybody who doesn’t want to be legally mandated to have those. All we’re asking for is to end the legal mandates (zoning, parking minimums, setback requirements, etc.) and for those who wish to partake in those wasteful luxuries to pay their true price without public subsidy.
Tbh, my favorite kind of gardening is the kind that thrives on neglect. I love making ecosystems that thrive on their own, without my constant input. There’s just something beautiful about seeing life thrive on its own.
1·2 years agoIt’s not, though. The classical factors of production, whence we get the concept of “capital” as a factor of production, has land and capital as clearly separate:
Land or natural resource — naturally occurring goods like water, air, soil, minerals, flora, fauna and climate that are used in the creation of products. The payment given to a landowner is rent, loyalties, commission and goodwill.
Labor — human effort used in production which also includes technical and marketing expertise. The payment for someone else’s labor and all income received from one’s own labor is wages. Labor can also be classified as the physical and mental contribution of an employee to the production of the good(s).
Capital stock — human-made goods which are used in the production of other goods. These include machinery, tools, and buildings. They are of two types, fixed and working. Fixed are one time investments like machines, tools and working consists of liquid cash or money in hand and raw material.
https://en.m.wikipedia.org/wiki/Factors_of_production
And it’s an important distinction. The fact that land is not made and inherently finite makes it zero-sum. Meanwhile, the fact that capital such as education, tools, factories, infrastructure, etc. are man-made and not inherently finite makes them not zero-sum. This distinction has truly massive implications when it comes to economics and policymaking. It’s the whole reason LVT is so effective, so efficient, and so fair: it exploits the unique zero-sum nature of land.
I got a positive one for you
2·2 years agoYou might like single transferrable vote (STV), then. You have districts with several seats in them (preferably ~5), and then do a ranked-choice ballot to select the candidates who will fill those seats. Key advantages over proportional representation are that it maintains the idea of a constituency and that it maintains voting for individual candidates, not just parties.
Downside, of course, is that it’s not as proportional as proportional representation, but it still achieves pretty proportional results. That’s the tradeoff for maintaining constituencies and individual candidates.
Property taxes != Land value taxes
Further, it’s not a tax on capital; it’s a tax on land. It’s very explicitly designed to target land, as land has distinct economic properties that make it a prime target for taxation.
And yes, it does target speculative investments like those of Blackrock:
It reveals that much of the anticipated future tax obligations appear to have been already capitalised into lower land prices. Additionally, the tax transition may have also deterred speculative buyers from the housing market, adding even further to the recent pattern of low and stable property prices in the Territory. Because of the price effect of the land tax, a typical new home buyer in the Territory will save between $1,000 and $2,200 per year on mortgage repayments.
They are taxed, but I think they could be taxed more and better. Specifically, we should implement a land value tax (LVT).
As for why LVT? In short, it’s just a really good tax. Progressive, widely regarded by economists as “the perfect tax”, incentivizes efficient use of land, discourages speculation and rent-seeking, economically efficient, and hard to evade. Plus, critically regarding landlords, land value taxes can’t be passed on to tenants, both in economic theory and in observed practice.
As for the difference between LVT and property taxes? This video explains well how property taxes enable land speculation and disincentivize housing development, and how replacing them with land value taxes would alleviate these issues.
Further, even places (such as the Australian Capital Territory) that have implemented quite milquetoast LVTs have seen positive impacts on housing affordability:
It reveals that much of the anticipated future tax obligations appear to have been already capitalised into lower land prices. Additionally, the tax transition may have also deterred speculative buyers from the housing market, adding even further to the recent pattern of low and stable property prices in the Territory. Because of the price effect of the land tax, a typical new home buyer in the Territory will save between $1,000 and $2,200 per year on mortgage repayments.
5·2 years agoNYC itself doesn’t have much (although it still has some! see image below) low-density zoning, but their suburbs sure do. The city itself also has a lot of other bureaucratic barriers to development that result in it having abysmal housing construction rates.
As for vacancy, yes, the threat of not being able to sell is what stops builders from building too much. For example, it’s the reason no one’s even trying to build the Burj Khalifa in Bakersfield. But if you make it legal and reasonably easy to build, yes, people will build.
Perhaps Tokyo is the best example. Biggest city in the world, and yet it’s actually relatively affordable, thanks largely to good land use policy:
In the past half century, by investing in transit and allowing development, the city has added more housing units than the total number of units in New York City. It has remained affordable by becoming the world’s largest city. It has become the world’s largest city by remaining affordable.
Two full-time workers earning Tokyo’s minimum wage can comfortably afford the average rent for a two-bedroom apartment in six of the city’s 23 wards. By contrast, two people working minimum-wage jobs cannot afford the average rent for a two-bedroom apartment in any of the 23 counties in the New York metropolitan area.
…
In Tokyo, by contrast, there is little public or subsidized housing. Instead, the government has focused on making it easy for developers to build. A national zoning law, for example, sharply limits the ability of local governments to impede development. Instead of allowing the people who live in a neighborhood to prevent others from living there, Japan has shifted decision-making to the representatives of the entire population, allowing a better balance between the interests of current residents and of everyone who might live in that place. Small apartment buildings can be built almost anywhere, and larger structures are allowed on a vast majority of urban land. Even in areas designated for offices, homes are permitted. After Tokyo’s office market crashed in the 1990s, developers started building apartments on land they had purchased for office buildings.
I think the key idea is to not have government bureaucrats or existing homeowners or landlords decide whether there’s “enough” housing, but rather let builders determine if there’s unmet demand. If there is unmet demand, they will build if you let them. If there truly is enough housing in a certain city, then you don’t need to tell builders not to build – they’ll simply stop building if they sense there’s not enough demand for it.
The “we have enough homes already” is a common (and unfortunately very harmful) myth.
A couple good in-depth videos on the topic:
The gist of it is that statistics on how many vacant homes exist are highly misleading, for two main reasons:
- Many of the homes are not where the demand is. A vacant home in St Louis does nothing to help with a housing shortage in NYC. People want to live in NYC because that’s where the jobs are. A house in St Louis isn’t worth much if you can’t find work there. And statistics consistently show that the most expensive cities have the lowest vacancy rates.
- A lot of the homes that are counted as “vacant” aren’t actually just free for the taking like “vacant” would have you believe. In these statistics, “vacant” can mean: 1) a unit that is between tenants, 2) a unit that just finished being built and is awaiting its tenant’s move-in, 3) a unit occupied by someone who doesn’t legally state it as their primary residence (e.g., student housing where the student still lists their parents’ home as their primary address), 4) a unit in horrible disrepair that is unfit for occupation, etc.
Add to this the fact that high vacancy rates are GOOD for you, as it means landlords and sellers have a credible threat of vacancy, meaning they can’t demand ludicrous prices. Reducing vacancy rates is an incredibly anti-consumer, pro-landlord move.
Yeah, political opinions based on “regulations always good” or “regulations always bad” are lazy and unhelpful. For one, it ignores that many regulations are written for the express purpose of manufacturing or solidifying a monopoly.
And NIMBY land use policies really are just a textbook example of regulatory capture. Homeowners, who expect their homes to perpetually increase in value, lobby their local governments to manufacture an artificial scarcity of housing so as to drive their property values to the moon. All of this at the expense of renters and new home buyers.
Imo, we should all be trying to form nuanced political opinions where we judge policy on whether it’s good policy or not.
Honestly, I care far more about untangling our rat’s nest of NIMBY land use laws. As it stands, it’s literally illegal to build anything denser than sprawling, low-density suburbs on the majority of urban land thanks to NIMBY policies such as restrictive zoning and arbitrary mandatory parking minimums.
Tbh, the whole “corporate ownership of homes” is a red herring. Shuffling around ownership does nothing if you’re not massively expanding supply. And what we need most right now is massively expanded supply.
Exactly. I’m just trying to reframe dumb NIMBY policies like restrictive zoning and mandatory parking minimums as anti-freedom so as to try to get conservative NIMBYs to maybe be just a little less NIMBY.
Absolutely no one is seriously arguing we allow PFAS chemical plants next to kindergartens or that we remove all building safety codes. Just that restrictive zoning (and other NIMBY land use policies) is stupid, harmful, and we should get rid of it.