"hugh" ] wrote in message
...
In message , Doctor Drivel
writes

"hugh" ] wrote in message
...
In message , Doctor Drivel
writes
hugh wrote:
In message , Doctor Drivel
writes

If we cancel the tax on people's wages, how do we pay for public
services? By levying a charge on the "value" of land. People who live
in valuable locations will pay much more than those who live in less
expensive properties. That's fair.

Why?

Because the value of land is higher in more expensive locations where
the more wealthy live. Get it?

But why is that fair?

Because the value of land is higher in more expensive locations where the
more wealthy live. Economic growth created by the community that soaks
into the land crystallizes as land values. What ever the value, the
community created it and reclaims it. Get it? ;-)

It is fair. Those with more wealth pay more. Tax wealth not Income. The
rich tend to have lost of "wealth" while the poor do not. The poor only
have their income.

Well I can't argue with that - the rich do indeed tend to have a lot of
wealth.

In the USA the top 1% of the population own more wealth than the bottom 90%.
The USA is not much differnt. Any economist looking at that can only
conclude the existing system is not working properly. It needs fixing and
Genomics is the answer.