Re:Regarding Michael Pollan’s New Book This Is Your Mind on ...
by sooheon on Sunday July 11, 2021 @08:08PM
(#27805592)
> Pay kids to move to, or simply stay, in Kansas. [...] give them zero interest loans, new tractors, whatever.
Direct incentives like this usually get gamed or don't work. I prefer the Georgist approach, working with, not against market forces. Make all land speculation fully unprofitable by taxation, and make all returns from labor and capital (i.e. wages, interest, and non-rent profit) free from taxation or rent. Use the difference to fund a citizen's dividend.
> Simply redirect all those agricultural subsidies from corporations to families.
Absolutely, all direct subsidies must go, but let's not replace them with other subsidies. A Georgist system would replace all rentier subsidies with a labor and capital friendly free market.
Direct incentives like this usually get gamed or don't work. I prefer the Georgist approach, working with, not against market forces. Make all land speculation fully unprofitable by taxation, and make all returns from labor and capital (i.e. wages, interest, and non-rent profit) free from taxation or rent. Use the difference to fund a citizen's dividend.
> Simply redirect all those agricultural subsidies from corporations to families.
Absolutely, all direct subsidies must go, but let's not replace them with other subsidies. A Georgist system would replace all rentier subsidies with a labor and capital friendly free market.