Heartland Zealot

Midwest CRE | Aspiring History Enthusiast

[Heartland Zealot @MW_Supremacy]

@ToniTime4Ever You’re not paying for your house you’re paying for the maintenance of public infrastructure and services.

[Heartland Zealot @MW_Supremacy]

@Brendan_Duke With that logic do you also think that physical currency will grow?

[Heartland Zealot @MW_Supremacy]

@itjustisyo @Alleninvests If you live off the grid with no roads, schools, emergency services, power grid, water and sewage, etc. then I agree you should not pay any tax, since there are no services to be funded.

[Heartland Zealot @MW_Supremacy]

@robbiehendricks Robbie why do you still invest as an LP if you presumably have massive exposure to CRE as a GP at this point?

[Heartland Zealot @MW_Supremacy]

@Blooshier Excluding retirement accounts makes no sense but a massive amount of homeowners’ equity is inaccessible paper wealth which can be seen in today’s low transaction market. Makes sense to leave that out.

[Heartland Zealot @MW_Supremacy]

@YALiberty We’ve already ran out of other people’s money we have had a budget surplus since like Clinton.

[Heartland Zealot @MW_Supremacy]

@GreenPlusAnE Someone’s positions on data centers is a fantastic litmus test for economic competence.

[Heartland Zealot @MW_Supremacy]

@LighthouseDPC The fact that health insurance is tied to employment is horrendous.

Thanks to Obama’s ACA, overregulation has tainted American healthcare, specifically hurting productive small businesses and entrepreneurs, and making healthcare more expensive for everyone.

[Heartland Zealot @MW_Supremacy]

Schools, roads, emergency services, etc. don’t cease to exist once a mortgage is paid off or because an owner doesn’t feel like they own their house.

I get the sentiment but it’s naive and not realistic.

Land value taxes are the best way to levy funds for local needs. Unfortunately to my knowledge all 50 states tax improvements as well.

[Heartland Zealot @MW_Supremacy]

@justinsteubs @WFrost15324 @Alleninvests Almost anything is better than income taxes. HR 25 is interesting.

[Heartland Zealot @MW_Supremacy]

@EconChrisClarke @jmhorp Fair enough point on engaging.

The actual argument is still nonsense, regardless of whether it’s peer reviewed or not. Engineering statistics to fit a narrative rather than drawing conclusions based on the empirical data.

[Heartland Zealot @MW_Supremacy]

@_Credible_Hulk Evergreen quote from Friedman:

“One of the great mistakes is to judge policies and programs by their intentions rather than their results.”

[Heartland Zealot @MW_Supremacy]

Like I said before; criticism of property taxes on improvements has a coherent argument.

However, a land value tax is the most fair tax there is and is widely regarded as such by most economists. Even Milton Friedman, famous for his opposition to taxes, called it the “least bad tax”. It taxes local residents (regardless of whether they own or rent, as the property taxes will get passed through to the renter) to fund the public infrastructure and services that they enjoy. Sales tax on the other hand, is a “voluntary” consumption tax and is not distributed evenly amongst residents at all.

Moreover, land value taxes provide positive incentives while sales taxes create negative ones.

Sales taxes discourage spending and penalize commerce.

A land value tax encourages the highest and best utilization of a given parcel of land.

[Heartland Zealot @MW_Supremacy]

@miss__scarlet @DirtyErnieDeux It’s all Sysco anyways

[Heartland Zealot @MW_Supremacy]

@YALiberty Social security goes insolvent in 2032 and millennials/gen z become the majority of the electorate around the same time.

Eventually financial pain will force a solution one way or the other.

[Heartland Zealot @MW_Supremacy]

@Alleninvests I’m failing to see what changes once there is not a mortgage on the property.

[Heartland Zealot @MW_Supremacy]

@Nicksdankmemes3 Literally one month ago…

[Navroop Singh @TheNavroopSingh]

Trump Says Inflation Could Pay Down the Debt ‘Very Rapidly’

#FinancialRepression #YCC #Bonds ! Own Hard Assets as Dollar Debasement trade is here !
https://t.co/ItkU3UyY6u

[Heartland Zealot @MW_Supremacy]

Everyone I know involved in LIHTC has said that no deals cashflow and the only reason anyone undertakes an affordable project is for dev fees.

If there was truly a “demand” for affordable housing, the market would be priced as such and developments would pencil without siphoning future tax revenue to developers.

[Heartland Zealot @MW_Supremacy]

@SinaiLawFirm Affordable housing development is a racket

[Heartland Zealot @MW_Supremacy]

@his_eminence_j Everyone would agree that humans are irrational and psychologically fallible but somehow the markets these irrational beings operate within are totally efficient.

EMH is fallacious.