Subsidies to landlowners are unfair
Here is the real problem: not one of your acclaimed and highly educated “experts” even mentioned the elephant in the parlor: the 20 percent and more of GDP that is given away to landowners as a welfare subsidy in return for nothing. Until they start thinking about land, and how landowners are privileged to pocket everything government spends on services and infrastructure, nothing they have to say is even relevant. Land value is precisely equal to the minimum value of what the landowner expects to take from society and not repay in taxes. Capitalism therefore cannot be reformed as long as private landowning includes the privilege of pocketing publicly created land value. It’s that simple.
Jun 15 2011 - 9:25pm