Income taxes are a tax on labor.
Property taxes are a tax on the monopoly of public resources.
Why are property taxes so low, while labor taxes are so high?
Your first hint is the class of people who designed the tax system.
Property taxes are a tax on the monopoly of public resources.
Why are property taxes so low, while labor taxes are so high?
Your first hint is the class of people who designed the tax system.
2. The one thing (real) capitalists and socialists agree on is land is prone to a natural monopoly.
Monopolies are against the public’s interest, so the theory is it needs to be made inefficient to hold land without a real use.
Thread for folks asking for an explanation.
Monopolies are against the public’s interest, so the theory is it needs to be made inefficient to hold land without a real use.
Thread for folks asking for an explanation.
https://twitter.com/StephenPunwasi/status/1334332928948625408
3. Life is ideally a balance between private wealth and the interest of the public.
The Lauderdale Paradox is one of the first explorations into the concept.
Every gain a private person makes, uses public resources. Improvements to life come at the expense of the public. 🤷♂️🧵👇
The Lauderdale Paradox is one of the first explorations into the concept.
Every gain a private person makes, uses public resources. Improvements to life come at the expense of the public. 🤷♂️🧵👇
https://twitter.com/StephenPunwasi/status/1336140970962919425
lol. Perfect timing for the Liberals to announce a labor tax.
It's at the income level Millennials need to carry a typical mortgage in Toronto or Vancouver too. If you could *just* afford it, soon you won't.
They hate us so much. 😂
#cdnpoli #elxn44
It's at the income level Millennials need to carry a typical mortgage in Toronto or Vancouver too. If you could *just* afford it, soon you won't.
They hate us so much. 😂
#cdnpoli #elxn44
https://twitter.com/davidakin/status/1433070065201688582?s=20
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