Regulations are legal vs illegal, they do not attempt to disambiguate wealth creation vs wealth appropriation. I'd encourage banks to lend into productive indu

Regulations are legal vs illegal, they do not attempt to disambiguate wealth creation vs wealth appropriation. I'd encourage banks to lend into productive industries by taxing land, not labour (and properly tax externalities like pollution) , capturing publicly created location value and allowing wealth creators to retain more (all?) of the value they create. --- Replying to the sibling comment as yet again after typing "rent seeking" => "you're submitting too fast". Surprise! --- I think we should tax things that have an opportunity cost or externality. If you keep gold in a vault, assuming there is enough for industrial production (if not you have a lot of gold!), then please continue to do so. It doesn't impact me. If you hold land I and others cannot use it. You did not create it, society should be compensated via a tax, as the land itself has value due to society at large. A square plot in the middle of nowhere is worth considerably less than a square plot in NY. If you dump sewage into a river or burn lots of coal, you are also damaging the common wealth.