Re:A Basic Income Should Be the Next Big Thing
by mattgibson on Tuesday May 03, 2016 @08:48AM
(#11620091)
For this reason, I think Basic income really only makes sense when paired with land value tax (LVT) and rent caps, which would prevent that problem. Both already work well in other economies in Europe.
And in this situation there is nothing stopping land owners from absorbing the basic income. This means that revenue generated by land owning (not necessarily land owning itself) would have to be heavily taxed. Maybe even taxed progressively to avoid economies of scale in land owning and prevent a very few from owning all the land.
Or we could terraform celestial bodies in the Solar system.
It is important to note that land itself is limited, not housing. As long as we can continue building even higher and deeper housing is not actually limited.