Much better taxing solution: Single monopoly tax. Make companies/individuals pay proportionally for monopolistic privileges they get from rest of the society.

Much better taxing solution: Single monopoly tax. Make companies/individuals pay proportionally for monopolistic privileges they get from rest of the society. Examples: - network industries (railroads, pipes, energy) will always be naturally monopolistic. There can't ever be efficient competition. So embrace the monopoly and make the receivers pay. Nice example is AT&T monopoly and a "monopoly research" tax imposed on it, resulting in Bell labs and great innovations of 2nd half of 20th century - Exclusive access to electromagnetic spectrum. It has to be regulated to monopolistic access, otherwise congestion. Companies with access pay for privilege in an auction repeating after several years - Exclusive access to natural resources. Why should a mining company have indefinite access to some portion of land, just because it was there first? Let them participate in a recurring auction, which would maintain proper pricing for the exclusive mining rights when there are many other such companies competing for it - Land ownership. Similarly, why should someone have the privilege to exclusively own a parcel in prime area without paying, just because he was there first. Inefficient allocation. Actually - unfair at that. Infrastructure buildout in the area paid by income taxes of people increases value of his exclusive ownership rights. The result is redistribution of income of people who are prevented from accessing that parcel to the one receiving the privilege of exclusive parcel use. Shouldn't it be the exact opposite? This is not new by any means. This idea was supported by one of the most influential economic movement of 19th century - single taxers. Every time it has been implemented it brought the promised results, because it hits the heart of the wealth inequality problem. It always ceased to function long term due to politics of people who got more well off because of it and didn't want to share the wealth with others - namely with future generations. Singapore, Hong Kong and sudden growth of other asian tigers in 20th century can be considered the movement's largest documented success. China missed its chance of lifetime with Mao's cultural revolution. Sun Yat-sen was a huge fan. The monopoly-busting progressive movement of early 20th century can also be considered its influence. It perhaps is not a coincidence that the original progressivists were fans of the pivotal book Progress and Poverty by Henry George. Shame that "progressive" drifted with its meaning somewhere else, similar to words "liberal" or "agile".