In discussing economics, one question needs to be asked. To whose benefit is it that we have corrupted the natural distribution of wealth, where: –

• 1.  individuals generate their own wages;
• 2. a truly working capital generates its own profit, and
• 3. the public as an entity generates its own net income, namely, the rent of its natural resources (‘land’)?

Surely the taxing of earned wages, profits and goods and services assists only those who, aided and abetted by a misbegotten tax regime, channel publicly-generated land rent to themselves, instead of it being distributed equally to everyone?

So, what’s the story we are given to justify this enormous corruption of economics? “There’s not enough rent!” No, that’s untrue, because all taxes and their excess burden come out of rent anyway–ATCOR & EBCOR.

This chart based on that in Dr Gavin Putland’s “Trickle-Up Economics” demonstrates our true situation: sadly declining returns to productive labour and capital, and escalating returns to land price speculation and monopoly super-profits. It needs fixing.

So, maybe we’ll come to see and repair this increasingly desperate state of affairs before having to face an upcoming financial depression?