4 ms·
A Georgist[1] land value tax, perhaps paired with a citizen's dividend (i.e. UBI), has long been the economically optimal solution to this problem. I've yet to
by cosmojg 5y ago
A Georgist[1] land value tax, perhaps paired with a citizen's dividend (i.e. UBI), has long been the economically optimal solution to this problem. I've yet to see any proposal with better math behind it.
[1] https://astralcodexten.substack.com/p/your-book-review-progress-and-poverty https://astralcodexten.substack.com/p/your-book-review-progr...
- Factorium 5y agoThat would make sense only if the UBI functions exclusively as a tax credit against income taxes or land taxes. It could pair with a UBI for children, giving families a competitive advantage against investors for housing. The USA essentially has open borders with Central and South America right now, and a Democratic party itching to give tens of millions of people citizenship as part of a country-wide gerrymandering idea. UBI with cash handouts would not be a good idea in those circumstances. There will be a huge amount of fraud, at least.