Your argument is too powerful. And by that, I mean it classifies all policy arguments as dumb. “Oh you want to do X? Well the whole system is screwed up, so you’re naïve for even suggesting it.” Substitute any policy that could conceivably involve the courts for X. That’s your argument. If your arguments can’t delineate between good and bad ideas, your arguments have no value.
Why should I take your legal claims more seriously than something that can pass the bar exam, when you’re unable to? If you still don’t like that source, you could have googled my claim and found that you’re incorrect:
https://www.google.com/search?q=U.S.+judges+cannot+overturn+laws+unless+they+are+unconstitutional
It is not possible for the debt to be anywhere near 1T because the government is going to refuse to get into debts that high, not because the number is not mathematically possible.
You're really not doing yourself any favours by claiming that the U.S. would never take on $1T of debt. It's currently $33T, and they need to continually roll over expiring debt. (Not to mention the fact that the exact number, $1T, plays no role in my argument whatsoever other than "big number that the government would not want to pay".)
ChatGPT4, which passed the bar exam, says you're wrong and that U.S. judges cannot overturn laws unless they are unconstitutional. This was my understanding. Speak to a legal professor, and see who's right here. There's no point discussing further until you do that.
Right, but I'm not arguing against gay marriage. Again if you can explain how land value taxes are unconstitutional, I'm all for it. You're saying "people can misclassify". So? Tell me how I've misclassified it as constitutional, even potentially. If you're going to duck my actual question yet again, I'm not interested in discussing further.
Oh, by “prove your proposal” I thought you were referring to the policies I would advocate for. Did you mean prove the enforcement perpetuities would work? In that case, it’s just a payoff matrix, and I’d have to show not reneging on the policy is the best course of action, which I've done in previous comments, but I'll summarise it one last time.
And even then all it would take is a single digit number of judges and the top decision makers in the debt market to disagree in 50 years time and the effort will be negated.
I have been very clear, I am not advocating for unconstitutional policies, so judges can’t overturn it. If you can find a constitutional reason to overturn a 50-year-delayed land value tax, I’m all ears. Nobody as of yet has come up with an answer for that, and they keep avoiding that particular question, instead saying “Oh some policies are unconstitutional”, which again, is irrelevant to what my claims are. If you disagree with this, reread my previous comment.
So, overturning the land value tax would be solely up to the legislators. If the legislators renege on the policy, the debt is effectively a perpetuity. Meaning they have $1T worth of debt that they could have avoided (see the formula for valuing perpetuities). But what if they just don’t pay the debt? That is called a default, and defaults have serious negative consequences for a country.
Defaulting on $1T of debt, no matter how odd the conditions of that debt are, would significantly affect the credit-worthiness of a country. Saying otherwise is akin to a government claiming “Oh don’t worry, we’re just defaulting on the debt issued in 2023, the rest of our debt is safe”.
Let’s say you argue that “It’s not worth $1T at the time of default anyway because the market would assign some probability that the legislators would follow through the land value tax”. True, but irrelevant. It’s like if you bought a $1M lottery ticket and you won but they didn’t pay out. Is it true that “The ticket was never worth much anyway, so it doesn’t matter”? No, that logic doesn’t fly. You’d be very upset, and rightfully so.
So yeah, it’s either enact the policy, continue to pay the debt, or default and have huge negative ramifications for the country. The best outcome for the legislators is obviously to enact the land value tax. If you don’t agree with this, ask a finance professor; I’m not going to continue to try to change your mind.
I think your point is that this strategy only works if the voting block’s short-term interests conflict and their long-term interests don’t conflict. I fully agree with that.
And I am following that norm. Mentioning the word “ChatGPT” is not cause for suspicion. I suggest you don’t accuse people on such flimsy evidence, if you could even call it evidence. Please don’t comment on my posts anymore.