In an attempt to deal with an affordable housing crisis, the Dutch housing minister recently proposed a law that would have allowed municipalities to force some property owners to sell their homes only to low and middle-income earners. The problem the policy is trying to fix is one that’s particularly acute in Canada.
The solution is a wealth tax. It worked for the first 10,000 years of human civilization, after the 100 year failed experiment of income/sales tax it’s time to go back.
Yep, tax capital, not labor. It seems so obvious.
That was back when labor was biological. The only form of automation was animal labor. Now machines can do so much without any human labor at all. Taxing income only gets worse since these machines don’t have an income. Some companies can run without any human interaction at all, just a company self inflating it’s value. I’ll only get worse with AI and robotics. We need a way to keep these companies from just consuming all resources and paying nothing back.
Easy. Tax capital, not labor.
If only there were something…
No it didn’t. For those 10k years, most people lived under the iron fist of a monarch who owned everything and everyone.
Instead now we live under the iron fist of a government beholden to capitalists who own everything and everyone. Huge change.