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Interesting. There seems to be some debate among the critics, but putting that aside... If it's all gone to land, the situation seems worse as far as inequalit

Interesting. There seems to be some debate among the critics, but putting that aside... If it's all gone to land, the situation seems worse as far as inequality goes. The top 1% of households own 40% of land in the US as of 2017. The next 9 percent own 42%. So maybe it's inexact to call it "capital" vs. "labor", but... a class of people is dominating.

eru 5y ago
> So maybe it's inexact to call it "capital" vs. "labor", but... a class of people is dominating. Not sure about 'class'. But the policy implications are quite different: Land value taxation can capture all that extra rent going to land without hurting the economy one bit. See https://en.wikipedia.org/wiki/Land_value_tax https://en.wikipedia.org/wiki/Land_value_tax By contrast, taxing capital is a really bad idea. Eg capital gains taxes hamper productivity growth.