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Re: Tax Reform 2.0
by
Macrocompassion
Did the tax panel consider all the possibilities for taxation including a tax on natural resources? This tax is particularly for applcation on those resources being held out of use for purposes of speculation in their value. I refer to the proposal for the taxation of land values (by Henry George of 1879). Recent speculation by the land monopolists has been done to the point where the price of real-estate has greatly contributed to the cause of our present economic crisis.
Taxation of land values coud have (and might in future) avoid the inflation of any more land-value bubbles, as well as being the best means capable of putting our macroeconomy back on track by reducing production costs with the cheaper land and lower ground-rents that result. Money can be transferred between different parts of the macroeconomy but unlike creating greater opportunity (due to more available land) it cannot work without "unworking" at the place where it was taken from.
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