Thanks John. Yes, the shift of taxes off of labor and production and onto land value aka the commons rent, would eliminate profiteering, hoarding and speculation in land and drive an effective and efficient land reform, and thus increase workers power and capacity to form cooperatives and worker collectives or start small businesses. Thanks for the links to the homeless crisis, homelessness is landlessness, true that many homeless actually have jobs. The ever increasing price of land (the Law of Rent) drives lack of affordable housing (supply side deficit) and the decrease of worker purchasing capacity, a demand side deficit (again Law of Rent that land prices increase faster than wages in neoliberal economics) means that the Land Problem drives gross wealth inequality as the few are able to capture increasing amounts of unearned income from via the FIRE sectors -
Thanks John. Yes, the shift of taxes off of labor and production and onto land value aka the commons rent, would eliminate profiteering, hoarding and speculation in land and drive an effective and efficient land reform, and thus increase workers power and capacity to form cooperatives and worker collectives or start small businesses. Thanks for the links to the homeless crisis, homelessness is landlessness, true that many homeless actually have jobs. The ever increasing price of land (the Law of Rent) drives lack of affordable housing (supply side deficit) and the decrease of worker purchasing capacity, a demand side deficit (again Law of Rent that land prices increase faster than wages in neoliberal economics) means that the Land Problem drives gross wealth inequality as the few are able to capture increasing amounts of unearned income from via the FIRE sectors -
Finance, Insurance and Real Estate