LAND ‘TAX’ AND OTHER NATURAL RESOURCE RENTS WOULD PUT AN END TO IT
Oh, Egypt’s President Hosni Mubarak is probably the world’s richest man, with real estate interests in London, New York and Los Angeles? How surprising. (Not!)
That’s why privilege, power and landed interests have fought for centuries to have governments wind back land-based revenues. They have the money and influence, so governments listen. But, by listening, governments and the wealthy generate economic depressions such as this.
Here we are in the 21st century having less to spend after expenses for food, clothing and shelter than people had in the 15th century. Incredible, but true.
As invention, innovation and science have made great strides, we’ve permitted economics to retrogress back into the dark ages because privilege wants it that way. It suits them to hide this corruption.
In the year 2011, don’t you feel a little silly about allowing the privileged (who by private legislation) channel publicly-created wealth unto themselves? Not just a little bit shamed? No?
Hey, wake up world!