Instead of taking publicly-generated land and natural resource rents for public finance, we gift it largely to the 0.1%.
Therefore, we have to tax ourselves for working and for businesses earning a profit.
Therefore, the vast majority of us live in debt for most of our working lives so we may service their land prices and our taxation–together with all the deadweight losses in the economy that go with this sorry situation–whilst the 0.1% experience obscene luxury at our expense.
Although it could be fixed by our political representatives making a simple fiscal adjustment on our behalf, we’ve come to think it is the natural order of things; so we do nothing.
Why is this?
