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Owning land is certainly a private basic income. Consider that land prices (and therefore rents) basically reflect the surrounding economy. By buying land you
by jacknews 9y ago
Owning land is certainly a private basic income.
Consider that land prices (and therefore rents) basically reflect the surrounding economy. By buying land you are essentially profiting from the work of everyone else in that economy, forever, and only taxed minuscule property taxes.
IMHO https://en.wikipedia.org/wiki/Henry_George https://en.wikipedia.org/wiki/Henry_George had the correct solution; tax land (though not the structures developed on it) at it's full market rental value. And the concept should apply to ownership in all resources.