Why attack governments?
It is surely we who allow the 0.1% to get obscenely rich at our expense?
Why don’t we accept the responsibility to change the rules of the rent-seeking game?
Are we so stupid we don’t see how they do it? Surely not!
Stop the 0.1% stealing our land and natural resource rents–the social surplus–now.
Supply and demand accounts only in part for the lack of affordability of a home. Land prices are simply the private capitalisation of land rent. Were we to demand the public capture of land rents as an alternative to being taxed, there’d be less rent to be privately capitalised, therefore lower land prices, taxes abolished and cheaper homes. You pay your land rent, you’ve paid your tax. It could be that simple.
Thorold Rogers tells us when this point was understood in the 15th century and early part of the 16th, the English labourer with a family of five still had 2/3rds of his wages remaining after he’d paid for food, clothing and shelter. But now we tax him on his comings and goings AND charge him high prices for a piece of land. Not only can he not save anything, he’s now in debt.
Hasn’t 21st century society become very clever? Not.
You say we need more funds to tackle poverty, homelessness, health, the environment, education and infrastructure? I say instituting the Henry Tax Review is a BIG step towards solving those problems.