"The overwhelming case for a land tax has been known for centuries and made by many of the most prominent economists." Legendary British economist Charles Goodhart makes a strong case for LVT in his latest op-ed.
Floyd Marinescu
@floydmarinescu.bsky.social
CEO & Co-founder @infoq.com & @qconferences.com Founder @ubiworks.bsky.social, @commonwealthcanada.bsky.social | advocate for basic income and sharing common wealth Into health, wealth (economics), knowledge of Self. floydmarinescu.com
This Ontario minister championed land value capture (LVC) to fund transit. When land values rise because of public investments, the public should get some of that back to fund more transit. We could be doing this everywhere.
What would the world be like if we had common wealth dividends? A world with more personal freedom and opportunity. Freedom to take career risks, entrepreneurial risks, volunteer, care for loved ones.
LVT is about fixing incentives to reward, not punish builders. "If the region's jurisdictions taxed land more so than improvements to it, denser and more walkable neighborhood development would be more lucrative than surface parking, vacant lots, and sparse development."
Canadian Youtuber About Here says growth creates windfalls for homeowners. But instead of letting them pocket all that new wealth (mostly land value), society should capture some of it back. This can fund housing/transit or replace harmful taxes.
Marshall Islands Finance Minister says AI is about to make basic income a global necessity.
Economic Security Project calls for UBI -- an income floor and AI dividends. 'Establish an income floor for displaced workers... "AI dividend" is modeled after the Alaska Permanent Fund, which compensates Alaskan citizens using investment returns on a sovereign wealth fund.'
The basic income movement is coming together in Toronto. Meet supporters from Canada and abroad, with remarks from The Honourable Senator @kpateonthehill.bsky.social and BIEN co-founder Dr. Guy Standing. 📅 Wed Aug 19, doors 6 PM 🎟️ Free RSVP: ubiworks.ca/toronto
Don't forget: basic income has historically had major support among conservatives.
There's no rule that says the economy will always need more workers. In fact, the trend suggests the opposite. The only thing we can be sure of is that a stable society requires stable incomes, especially when the job market increasingly resembles winner-take-all.
Canada's land and natural resource rents are enough to pay at least $7,500K/year in dividends per adult or lower income taxes for most working Canadians. This is how we can improve affordability and ensure that our common wealth benefits all current and future generations.
To fix Ontario's housing system, replace anti-productive taxes on income and property with a land value tax.
NYU's Newspaper calls for Land Value Tax to fix housing. "it has the potential to eliminate land speculation and incentivize development. Doing so could help end our housing crisis, lower prices and ensure that New York City is a place where everyone can afford to prosper."
"Society increasingly resembles aristocracy" Government report shows how social mobility dies by 2040: —inheritance the only way to get ahead —owning home not realistic for many —value of labour killed by AI To restore the link between wealth & work, tax land not work.
4,000 jobs cut out of 10,000 directly attributed to AI. Stock price soared. UBI is inevitable.
Guaranteed Basic Income is proving to be a workforce investment, not just a safety net. In Howard County, families used additional income to stay current on rent, reduce debt, pursue education, strengthen employment prospects, and invest in their children's success.
One of the few very visible Canadians shedding light on the hard truth about housing. UBC's Dr. Paul Kershaw, founder of Generation Squeeze "We cannot reward housing speculation with tax breaks without expecting home values to outpace local earnings."
Our current tax system punishes development and rewards extracting rent. It's time for LVT.
Alaska's Permanent Fund Dividend model should be taken to Canada—one of the most resource-rich nations in the world. "The dividend belongs to all people equally. The resources belong to all people equally. And the only way to do that is a dividend."
Ontario could eliminate all developer fees with a 0.2% land value tax, which developers might prefer and can promote affordability.
Yet Canada continues to tax wages way more than the #1 source of wealth—rising land values Is anybody really surprised that inequality keeps growing?
Alaska turned their finite natural resources into money pumps for future generations—the Alaska Permanent Fund Dividend.
An entire industry asked to be saved by UBI -- fishermen Irish farmers already get a "basic income support for sustainability" that pays per hectare farmed. It plays a key role in guaranteeing food security, and for farmers, income resilience and a fair standard of living.
A court in Hangzhou just awarded compensation after a worker was fired and replaced with AI. That's the point: if AI displaces you, compensation shouldn't depend on whether you can afford a legal fight. UBI is the universal floor.
UBI has been proven to reduce food and housing insecurity, while supporting work. "At the same time, we need to be careful that we don't forget that we need to address the root causes of household food insecurity. It's an income problem that requires income solutions."
"People won't work if you give cash." The evidence keeps piling up: guaranteed income increases employment and improves job quality. In CA pilots, full‑time jobs rose up to 2x vs control; higher‑quality jobs 3x.
South Korea's 49th PM knew AI should fund UBI. This is common sense policy now that all technologically advanced societies should adopt. "I am considering the idea of combining the massive wealth that will arise in relation to the AI great transformation with basic income." UBI works.
This Ontario minister championed land value capture (LVC) to fund transit. When land values rise because of public investments, the public should get some of that back to fund more transit. We could be doing this everywhere.
Adam Smith, the godfather of capitalism, believed government should tax common wealth (like land), before taxing people. Let's make this mainstream.