By taxing away the dark blue unearned land rent (16% of GDP) in the chart below, we’d eliminate all the other taxes and their attendant deadweight costs that are passed off into prices (the 34% red and green), achieve general prosperity for labour and capital, and deliver a living wage universal income!

No? Why not? We prefer to stay with the current rent-seeking madness?

Source: https://www.prosper.org.au/wp-content/uploads/2018/04/TrickleUp22.pdf

See also Mason Gaffney’s thoroughgoing “The Hidden Taxable Capacity of Land” on whose technique the Australian chart is based.

Former Australian Treasury tax expert, Dt Terry Dwyer, shows that all taxes eventually fall on land anyway, so why not get them from there in the first instance?