6 ms·
The fact that capital gains include both corporate wealth and land value is insane. One is a productive asset that for the most part improves society, and can g
by fsargent 9y ago
The fact that capital gains include both corporate wealth and land value is insane. One is a productive asset that for the most part improves society, and can grow in quantity and value indefinitely. The other (land) is a measure of scarcity for an essential commodity.
It's fine that people make lots of money doing hard or rare work. Also great that people are loaning their saved money so companies can expand. It doesn't make sense for people to get wealthier for owning land.