Rent Based Transitory Ownership - A Blueprint For Just Rent
As income inequality increases, one mechanism for the movement of wealth from the general population to an increasingly insular property-owning class is through rent of residential property. While it cannot be said that landlords do not have some responsibilities to their tenants in most countries, the power relationship between landlord and tenant remains unbalanced. It is solely the landlord who decides if a lease should remain or expire, regardless of how many years the tenant has spent in the home. The tenants labor in maintaining and protecting the home is unrewarded, and we must rely on punitive incentives such as bonds to encourage responsible tenancy.
Many Marxists espouse the necessity of eliminating this form of rent-seeking private property, but few propose tangible ideas that could replace them beyond vague statements about government-run allocation programs. We reject this as being excessively rooted in bureaucracy, inefficient in allocation and overly centralised. Land allocation is fundamentally unsuitable to central control, due to its heterogeneous properties. Simply put, every piece of land is distinct from every other, and so determining the real value requires an enormous amount of information. A centralized system simply cannot compete with an emergent market in terms of this ability to gather large amounts of contextual information.
Ethereum Is Going To Eat Silicon Valley Alive. Here’s Why
Many of the current dominators of technological business perform the same task. They serve as a trusted third party in a marketplace of providers and consumers. The trusted company enforces rules in the community, like how Facebook bans accounts that act outside the terms of service. Usually the same company that enforces the rules owns the service. They act as a trusted arbiter for disputes within the market. Usually, to help everything run smoothly, they provide a reputation system for both consumer and producer that enforces a level of good behaviour.
We can see at a glance how many Silicon Valley heavy-hitters act this way:
I wrote this story in my final year of high school. It's about life-extension, death, and purpose. Jeez, teenage Sean, don't cut yourself with that edge!
We blossom and flourish as leaves on the tree, and wither and perish—but naught changeth thee.
This is a play I wrote in 2010. I am proud to say it was selected as the best play in the state of NSW and performed professionally in a program called Writers OnStage.
It's about a young man returning from war to a world he doesn't recognise. It's strange to read, all these years later, but some of the jokes still make me laugh.