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Andy Burnham proposes land value tax: "We Overtax People's Work"
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Common Wealth 🍁 retweeted
A question I keep coming back to: if AI saves us an hour of work, who gets that hour back? I'd love for it to be the parent who's always the last one at daycare pickup.
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A new transit station can raise the value of nearby land before a single new home is built. The public helped create that value. Some of it should help pay for the next station.
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Common Wealth 🍁 retweeted
A land value tax would provide a disincentive for landlords that choose to punish neighborhoods with their speculative vacant properties (and would be a benefit to landlords that actually invest in their properties)
Burger King Fields in North Minneapolis
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Common Wealth 🍁 retweeted
The Center for Land Economics is 2 years old, making land value tax reform both popular and practical.

We released our Year 2 impact report today. Among other highlights, 3 states passed LVT enabling laws (NY, VA, KY).

Read our full report for details!

blog.landeconomics.org/p/what-cle-did…
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Common Wealth 🍁 retweeted
Virtually all in the form of tiny urban plots. It’s all about the dirt.
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This ad is all the reason we need to tax land more and work income less.
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Vast majority of Canadians say children will be worse off, way above global median (57%) — Pew Research

This is a symptom of a nation that treats housing as investments first and homes second, at the expense of real productivity.
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Replying to @CommonWealth_ca
To build a better future for the next generation, housing — which is 60-80% land value — must become a less attractive long-term investment.

Shifting taxes to land solves this.
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Common Wealth 🍁 retweeted
the point of abundance is getting to enjoy some of it
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FDR also said "Henry George was one of the really great thinkers produced by our country." He probably supported George's idea of taxing land instead of workers and productive capital.
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🔰UBI + LVT = huge societal win
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Common Wealth 🍁 retweeted
A basic income should be there before the emergency, not depend on proving how bad things have become.
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Common Wealth 🍁 retweeted
a basic income is also the freedom to turn down a job that treats you badly
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Canada should turn a share of resource revenues into a permanent public wealth fund.

Spend the returns, preserve the inheritance, pay everyone a dividend.
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Common Wealth 🍁 retweeted
As a business owner, I want customers with money to spend.

Basic income can support the demand that makes investing, hiring and building new products worthwhile.
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Steve Paikin asked Ontario Liberal Leadership candidates a question about taxes.

Lee Fairclough's answer: reform taxes, not necessarily raise them.

She says we could be looking at Land Value Tax -- which could replace more harmful taxes on property.
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Replying to @CommonWealth_ca
Reforming inefficient taxes is always a hard sell... glad to see politicians open to good ideas
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Common Wealth 🍁 retweeted
I want more people to have the security to try something useful, even if it might fail.

That's one reason I support basic income.
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Common Wealth 🍁 retweeted
unpaid care is still work.

a basic income would finally give people doing it some breathing room
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Common Wealth 🍁 retweeted
Pay people for their data.
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