Common Wealth 🍁 @CommonWealth_ca
Canadian non-profit for land value tax and dividends from nature & technology -- to address the housing crisis and give everyone a stake in our economy. commonwealth.ca Canada Joined April 2023-
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Thomas Paine, who pioneered the idea of pensions, social insurance, and citizen's dividends, said tax the land to compensate the people. In today's raging housing and affordability crisis, this idea is more relevant than ever.
Thomas Paine, who pioneered the idea of pensions, social insurance, and citizen's dividends, said tax the land to compensate the people. In today's raging housing and affordability crisis, this idea is more relevant than ever.
Tax land instead of people's labour or risk fuelling political turmoil and polarization. Canada and US take notes.
That is the core rationale for UBI. The Earth belongs to everyone and those who benefit directly from its bounty with the essential help of others, owe everyone rent on their use of it.
That is the core rationale for UBI. The Earth belongs to everyone and those who benefit directly from its bounty with the essential help of others, owe everyone rent on their use of it.
The median household income in Sydney is $115,000, earned by getting out of bed & going to work. The owner of this property made 7 times that amount per year over the past three years, by sitting on their ass. I reckon Australia should tax land ownership, and not tax workers.
The median household income in Sydney is $115,000, earned by getting out of bed & going to work. The owner of this property made 7 times that amount per year over the past three years, by sitting on their ass. I reckon Australia should tax land ownership, and not tax workers. https://t.co/EmDA98M0jq
When land is a better investment than stocks, bonds, and other productive investments, expect permanent housing unaffordability. Tax the land.
When land is a better investment than stocks, bonds, and other productive investments, expect permanent housing unaffordability. Tax the land.
Our current tax system punishes development and work. Land value tax is the only tax that doesn't do that.
At the root of our housing crisis is the collective desire to treat homes as an investment, not just a place to live. How do we turn that around?
Dividends from AI ensure that accelerating automation will continue to benefit humanity, even if humans get displaced en masse.
Canadian housing & land prices grew much, much faster than population alone would suggest. There's something else at work: rampant financialization, infinite credit, and soaring demand for land as the #1 source of unearned wealth. A few more charts to put things in perspective:
Most people believe Canadian land has a better risk-adjusted return than S&P500, gold, or btc. That's why homes will never be affordable, no matter how many politicians say they're working on it. Unless we make land return less.
Canada's housing debate is missing a critical point: Rising land rents are the biggest contributor to rising net worths in Canada. Anyone who says we need more affordable homes, but doesn't say prices must come down, is trying to do the impossible.
Canada's housing debate is missing a critical point: Rising land rents are the biggest contributor to rising net worths in Canada. Anyone who says we need more affordable homes, but doesn't say prices must come down, is trying to do the impossible.
Brand new data from 4-day workweek trial of 280 Brazilians from 22 companies: - ↑ work performace - ↑ health outcomes - better relationships - ↓ stress, fatigue, anxiety Around the world, people are seeing how better sharing of technology's gains can help humans flourish.
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Former Bank of Canada Governor Mark Carney: technology and automation from the the 4th Industrial Revolution are rapidly changing our economy. #UBI is how we make sure the benefits of technology –our common wealth – are shared more widely.
Thomas Paine, who pioneered the idea of pensions, social insurance, and citizen's dividends, said tax the land to compensate the people. In today's raging housing and affordability crisis, this idea is more relevant than ever.
One of the Founding Fathers of America, Thomas Paine, believed citizens should be paid dividends from the rent of land, which noone created. Today, Alaska sends cheques to everyone from their natural resources. And many believe we shouldn't tax hard work, but land instead.
The average value of all the land in America is over $50 trillion in 2024. Even just 2% of that is enough to generate $1 trillion. #LVT + #UBI is the way.
One of the Founding Fathers of America, Thomas Paine, believed citizens should be paid dividends from the rent of land, which noone created. Today, Alaska sends cheques to everyone from their natural resources. And many believe we shouldn't tax hard work, but land instead.
@CommonWealth_ca @JeanChevalier79 @wittgensteinien Land value tax. ✨
Tax land instead of people's labour or risk fuelling political turmoil and polarization. Canada and US take notes.
This week, join RSF Board Member and Henry George scholar, Steve Sklar, as he explores George's teachings on the persistent and perverse relationship between progress and poverty in this one hour, free webinar. Register here: schalkenbach.org/the-poverty-pr…
This week, join RSF Board Member and Henry George scholar, Steve Sklar, as he explores George's teachings on the persistent and perverse relationship between progress and poverty in this one hour, free webinar. Register here: schalkenbach.org/the-poverty-pr…
One of the Founding Fathers of America, Thomas Paine, believed citizens should be paid dividends from the rent of land, which noone created. Today, Alaska sends cheques to everyone from their natural resources. And many believe we shouldn't tax hard work, but land instead.
That is the core rationale for UBI. The Earth belongs to everyone and those who benefit directly from its bounty with the essential help of others, owe everyone rent on their use of it.
@rakeau That's exactly why we should tax land ownership.
The median household income in Sydney is $115,000, earned by getting out of bed & going to work. The owner of this property made 7 times that amount per year over the past three years, by sitting on their ass. I reckon Australia should tax land ownership, and not tax workers.
@daroutley Land value tax would replace other more harmful taxes on buildings and/or work. It is better policy.
When land is a better investment than stocks, bonds, and other productive investments, expect permanent housing unaffordability. Tax the land.
Most people believe Canadian land has a better risk-adjusted return than S&P500, gold, or btc. That's why homes will never be affordable, no matter how many politicians say they're working on it. Unless we make land return less.
How do we prepare when everyone is just bibbling about and pretending that nothing is happening?
@floydmarinescu Very interesting. You have to write a book about all this stuff.
@floydmarinescu This is a crazy smart chart to take back with you if even go back in time and find yourself in Ontario without access to my advice. x.com/floydmarinescu…
When you hear housing crisis, think land crisis. Homes depreciate, but land goes up in value due to society's work around it. The fair thing to do, then, is to tax land instead of incomes or homes. That would encourage more housing and make our economy work better.
@floydmarinescu The government and central banks is the problem. First governments make building homes illegal with exclusionary zoning. Second, central banks have lowered interest rates under ZIRP (land is a long duration asset). Thirdly, land is not taxed enough: need land taxes.