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This is basically Georgism: a tax on idle assets like land paired with very low or non-existent taxes on income and capital gains. Land value taxes would be on

• cosmojg 3y ago
  > This is basically Georgism: a tax on idle assets like land paired with very low or non-existent taxes on income and capital gains. Ah, so you've seen the cat! Yes, this is precisely what I was getting at. > I'm generally a fan though I would also add pollution taxes and short term capital gains (gambling) taxes. The former is known as a Pigouvian tax[2], and I yearn for such taxes with no less of my heart than I yearn for land value taxes. The latter, however, seems almost completely unnecessary. Why not allow people to gamble on noise? And if they're making a profit, it's more likely than not that they're adding signal and contributing to price discovery, along with providing short-term liquidity to all market participants! I don't mind anyone getting paid for that. [1] https://www.henrygeorge.org/catsup.htm https://www.henrygeorge.org/catsup.htm [2] https://en.wikipedia.org/wiki/Pigouvian_tax https://en.wikipedia.org/wiki/Pigouvian_tax