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Thread: Building a plutocracy?

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    Ogre in the Playground
     
    Flumph

    Join Date
    Feb 2005
    Location
    Santa Barbara, CA
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    Default Re: Building a plutocracy?

    Quote Originally Posted by Max_Killjoy View Post
    Could the state charge a transfer of deed processing fee on each sale or inheritance of land?

    Some interesting stories there when surprise, recently deceased parent was broke and didn't leave anything to cover the fee.
    Yup that would be a stamp tax. The ruling group that uses legal force (via military, police, courts etc) to back documents (like deeds and contracts) in many cases will only back recognized documents -which are noted by stamps or seals.

    But land, especially land that is held for value other than the money that can be directly extracted from its use by people with outside wealth, would have a rather low transfer velocity and thus not produce much in revenue. And finally since the holders of these franchise land plots are the source of laws in this scenario - why wouldn't they just scrap that law and thus hold on their own personal power easier?
    Last edited by sktarq; 2019-08-18 at 02:55 PM.