Successful speculation is still luck. The point is that the person who purchased... | Hacker News

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		habosa on April 16, 2022 \| parent \| context \| favorite \| on: Tax the Land Successful speculation is still luck. The point is that the person who purchased the land may have gained value far in excess of the improvements they made or the capital they provided. Under a LVT the community and government which gave the land value will capture that.

xpe on April 16, 2022 | [–]

Choosing how to spend money is a mixture of many things including desires, needs, awareness, understanding, planning, and luck.

xpe on April 16, 2022 | [–]

Please define speculation. Do you define it as pure luck? If so, your claim is tautological.

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