https://www.youtube.com/watch?v=aX5gzRnUfSw Francis K. Peddle, J.D., Ph.D., is currently Vice-President -- Academic Affairs at the Dominican University College, Ottawa, Canada and an Associate Professor in the Faculty of Philosophy. He is a barrister and solicitor and has been a member of the Law Society of Upper Canada for over twenty years.
Prominent people living today and throughout history endorse financing government by collecting economic rent in lieu of taxing jobs, businesses, sales.
A 30-minute interview where Earthsharing Canada's Frank de Jong argues that governments should finance programs like health care, education by collecting economic rent in lieu of taxing jobs, businesses and consumption.
Linked is a 30-minute interview where I argue why governments should finance programs like health care, education by collecting economic rent in lieu of taxing jobs, businesses and consumption.
Allowing rent to mostly accrue to land owners (as in Canada and other democracies) has the same negative effect as not collecting it all, as in the former USSR.
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Michael Hudson writes:
The former Soviet Russia and other [communist] economies had NO payment of rent. But they had land. Because Russia did not collect the rent for land it led to inefficiency. Bureaucrats let the "best" flats in a city to Communist Party members in return for favours.
Economic Rent can be described as unearned income, windfall profit, or as revenue without a corresponding cost of production. Rent exists because of the existence of the community, and should accrue to that community in the form of government revenue to pay for programs in lieu of taxes on incomes or consumption.
