patrick.net

I'm pretty confident it would work, and there's no reason not to try.

Let's give it a try! But who will take up the cause? Surely not the Republicans. And probably not the Democrats. Obama has a cozy relationship with the ultra-wealthy elites, as reported by Matt Taibbi.

freak80 says

Let's give it a try! But who will take up the cause? Surely not the Republicans. And probably not the Democrats. Obama has a cozy relationship with the ultra-wealthy elites, as reported by Matt Taibbi.

We have to target the people who would come out ahead under a land value tax and inheritance tax.

Fortunately, that's most people! Most people own very little land and inherit pretty much nothing.

But to start with, high-income professionals would probably support the shift to a land value tax because their own income tax rates would be reduced.

Just out of curiosity, are there other nations with a similar tax system?

@Dan8267

>Consider that the vast majority of all wealth in America is inherited and not earned, as proven by Summers and Kotlikoff.

Quiet...don't confuse people with the facts!

@sbourg

>Why don't you fix it in California first? Before hoisting your sem-socialist tactics on the rest of the country? ..."

California's deficit is caused by a mix of "liberal" and "conservative" interests.

conservative interests= the prison industrial complex, "3 strikes and you're out" and all that.

Uh oh here's deepcgi singing the Ron Paul song again...

The disparity between rich and poor growing in magnitude has its basis in fiat currency. Poor people can't leverage their money at 100 to 1 using "supposedly" AAA quality financial instruments. Taxes won't fix it and trickle down doesn't give the little guy any additional leverage.

Both parties are Keynesian. Ron Paul was the only alternative. The most Romney will do is to attempt to make a "cut" in the "increase" in government spending while trying to avoid increasing taxation. The result however will simply be more Keynesian spending, because both Parties believe it's relatively safe as long as the Fed claims it has it all under control.