It’s like this:
CURRENT SCENARIO (How we became ‘post industrial’)
Heavy taxes on labour, capital and productivity harm manufacturing and the real economy, and less wealth is generated. And low taxes on land and mineral rents generate inflated asset (land) prices, impossible mortgages, greater household debt and inflated finance and real estate sectors.
REFORMED SCENARIO (How we might return to greater capture of our natural resource rents.)
Slash/abolish taxes on workers and business to generate greater wealth, genuine prosperity and a vast reduction in private debt. At the same time, capturing the publicly-generated rents from land and natural resource for revenue will lower land prices (and mortgages) and create greater real wages.
These are the alternatives. The decision is obvious. Neither the GST nor transactions taxes feature in the solution, because taxes are the problem.