As I see it the problem is that profits from speculation and rent seeking results in concentration of wealth providing even more leverage for speculation and re

As I see it the problem is that profits from speculation and rent seeking results in concentration of wealth providing even more leverage for speculation and rent seeking. Thus forming an accelerating feedback loop. A particular elegant way to address that is to realize that most of this wealth accumulation is expressed in terms of property. Fundamentally a relationship between two parties, the non-owners, and the current owner. The former who takes the opperunity cost of not having, and the owner who extracts the rent-value from having. So one way to adress the fundamental issue is to compensate the former group for their opperynity cost cost by taxing the owner. The difference between the opportunity cost and extracted rent can be seen as the unique contribution of the current owner, but the rest could be distributed fairly among the non-owners as a dividend.