I've put that in my reply above. We need to have taxes to regress speculation which will see land prices fall and will replace much of income tax.
Have a read of the link or many other sites on LVT.
I think we also need to deal with money creation by private banks. This has been an absolute disaster since it became effectively unconstrained with the end of the gold standard. (not that I'm a gold bug).
It's the issue facing our generation, and the next. Just look at SF where land prices have made it very expensive to live there as ultimately all productivity gains flow to land prices rather than to workers.
And to the guy who replied below you need to put some effort in I'm afraid:
Have a read of the link or many other sites on LVT.
I think we also need to deal with money creation by private banks. This has been an absolute disaster since it became effectively unconstrained with the end of the gold standard. (not that I'm a gold bug).
It's the issue facing our generation, and the next. Just look at SF where land prices have made it very expensive to live there as ultimately all productivity gains flow to land prices rather than to workers.
And to the guy who replied below you need to put some effort in I'm afraid:
https://en.wikipedia.org/wiki/Land_value_tax
Basically you can't pass on LVT via rent.