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In preparation for future challenges like COVID-19, we should take steps to address the root causes of low societal resilience. An important such step is a move to Land Value Taxation. This financial modification would turn the tax structure into a policy tool to boost community resilience without additional taxation or micromanaging legislation.

Land Value Taxation

Some economists are reconsidering their aversion to levies on large fortunes:

https://www.economist.com/finance-and-economics/2019/10/05/wealth-taxes-have-moved-up-the-political-agenda

Every citizen has a right to a Basic Income, a right to their share of the surplus wealth produced by their local economy.

But Basic Income plans should be funded out of unearned income, NOT earned income. People with jobs should NOT be taxed to pay for people without jobs.

About 30% of the GDP in every jurisdiction is economic rent, variously called the economic surplus, super profits, royalties, capital gains, unearned income, monopoly profits, or profits without a corresponding cost of production.

These days most Davos types get rich through stock option buy backs and then avoid taxes through offshore tax havens, shell companies, equity swaps, shell trust funds and real estate borrowing. To reduce the obscene wealth gap plus boost the economy, governments should finance programs by collecting unearned income (economic rent) in lieu of taxing jobs.

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Frank de Jong talks about the fading political currency of policy makers and their inability to meet the demands of inequality alongside rampant right-wing influence. How can a pre-emptive economic system be enabled to deal with issues at source? Taxation is not just to raise revenue, but to improve economic outcomes.

Check his work via https://earthsharing.ca/

http://www.earthsharing.org.au/2018/12/the-end-of-the-month-or-the-end-o...

Just read Sun Yat-sen and study Singapore.

https://www.scmp.com/comment/insight-opinion/united-states/article/21691...

Ostensibly, the Chinese economy is increasingly reliant on construction, which has stoked a huge credit boom. It is often said that China avoided a direct hit from the financial crisis of 2008, unlike the United States and Europe; essentially, Beijing built its way out of a recession.

Beloved of liberals and economists, they have so far never caught on.

https://www.economist.com/briefing/2018/08/09/the-time-may-be-right-for-...

We need to tax the super-rich, but what’s the best way to do it?

By Mike Cartmell from Singapore, Singapore (The Interlace, Singapore) [CC BY 2.0], via Wikimedia Commons

https://medium.com/@KatyPreen/funding-ubi-with-a-tax-on-land-88533bd5bc78

"The rise of cryptocurrencies is potentially the long-awaited force to finally force governments to move to land and resource value capture. Cryptos are difficult to track or tax so salaries, sales and business profits become more difficult to socialize leaving governments little choice but finance programs by collecting rent. Milton Friedman foresaw this 17 years ago.