Friday, 19 May 2017

I have a dream...

This graph is for Australia. I've seen similar nrs for the USA, about 30% of GDP is rent seeking. Now, imagine that grey area pledged as taxes. And most of the pink area, if not all, shifting its colour to blue. With the rentier excess charge destroyed, you'd have a lower cost of production and consumption. LVT at or near 100% rate would keep land values stable and fair. You'd probably need a progressive tax on non-rent income that only the opulent minority would qualify to pay. A tax on luxuries and an excise on fossil fuels. Patents ought to be abolished too, as they're just another form of rent seeking. Banking regulated on the asset side, being run as a public utility by the Gov for non-profit (my personal preference). Couple all this with a JG, BIG, Single Payer (or NHS)... Oh, orgasmic...

No comments:

Post a Comment