NOT BAD!

However, the undermining financial bubble which develops during the periods of prosperity needs further analysis. What if these, ever since Ancient Roman times, are always bubbles in land prices which enrich the 1% whilst impovershing much of the rest of the citizenry? Or, as Pliny the Elder foretold–“Latifundia perdidere Italiam“–the great landed estates caused Italy’s destruction.

Maybe we never learn that “The Land Shall Not Be Sold“?

Or, as Henry George demonstrated in his equation, P – R = W + I, if we were to capture land and natural resource rents instead of taxing incomes and purchases, land prices not only disappear but both labour and capital will receive their rightful rewards.