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Were we to treat Land -- sites, and natural resources, including clean air, clean water, and things like geosynchronous orbits, fisheries, electromagnetic spect
by LVTfan 6y ago
Were we to treat Land -- sites, and natural resources, including clean air, clean water, and things like geosynchronous orbits, fisheries, electromagnetic spectrum -- as our COMMON treasure, our source of natural public revenue, instead of something to be privatized, our wealth concentration problem would be much much smaller.
Instead, we permit individuals and corporations and trusts to privatize the value and we tax it only very lightly --- they get to keep the lion's share, just as if they made it themselves.
- mythrwy 6y agoAnother thing worth mentioning is you incentivize efficiency and proper use of physical resources by doing that. And you don't de-incentivize productive labor (as our current tax scheme does to an extent). If all tax were things like use of land, use of aluminum in a can, burning of a unit of fossil fuel instead of "you worked an extra hour or invented something, now you owe a greater percent!" I believe society would become much more innovate and efficient.