Renegade Economists Show 512
Karl delves into the inequality issue by looking into two recent reports on the topic. What is truly driving inequality? Some shocking after-effects of the tax loopholes are being felt by the young and low income earners. It’s always fun here on the Renegades eh? Any tips on how to stay positive?
The show header? The only way to rebalance the inequality of their only being one possible GPS location on the planet is to instill a land tax. Then any economic advantage is shared by the community.
If people do not have equal access to land value, what it really means is that they have no right to be a member of a community — no right to occupy the physical universe except in its remotest (rent-free) locations — and a civilisation that founds itself on keeping people apart like this cannot masquerade as a civilisation for long.
Here’s the Twitter and watch #LVT, #commons, #rentier.
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