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I have suspected for a while that the single biggest cause is our lack of a national Land Value Tax (LVT). After all, Henry George predicted a century ago that
by xvedejas 4y ago
I have suspected for a while that the single biggest cause is our lack of a national Land Value Tax (LVT). After all, Henry George predicted a century ago that continued technological progress and wealth creation would also lead to poverty unless there is a sufficient LVT. Until then, whether you or your family holds land is going to be a primary factor in whether you benefit from our societal progress.
- Aloha 4y agoI think both Georgism and Modern Monetary Theory are both interesting ideas, I'm not sure how applicable either is to reality however. (Even if I want MMT to be true and correct)