Alaska's Permanent Fund Dividend model should be taken to Canada—one of the most resource-rich nations in the world.
"The dividend belongs to all people equally. The resources belong to all people equally. And the only way to do that is a dividend."
Adam Smith portrait and quote saying government revenue can come from a fund belonging to the sovereign or commonwealth.
Adam Smith, the godfather of capitalism, believed government should tax common wealth (like land), before taxing people.
Let's make this mainstream.
Land value taxes and property taxes, two great taxes that go great together deanbaker22.substack.com/p/land-value...
Leader of the Green Party in Wales, Anthony Slaughter, calls for a wealth tax, and a switch from council tax to a land value tax #BBCQT
Screenshot of Floyd Marinescu post: fairer to tax unearned land gains than work; boosts equity from productivity.
Shifting the tax burden from labor to land makes a ton of sense. Tax soil, not toil!
Common Wealth Canada graphic: Philip Collins quote says it’s odd Labour taxes work; “let’s tax land” and windfall value.
British banker points out the irony of the Labour party wanting to tax work
We should tax windfalls from land instead
Cushman & Wakefield page titled “The case for single family rental investment in Ontario, Canada,” with photo of row houses.
Hard to fix housing if the business model IS the crisis
Chart of housing starts per worker: projections from 2024; shows required vs 2000-04 and 2019-23 scenarios through 2031.
'Every Canadian home builder would have to double their number of homes built to achieve Trudeau's housing plan—output not seen in 25 years': The Hub
Housing is the biggest political gaslight of our lifetime.
Tax land, not work
Land value is publicly created, so it should be publicly shared. This helps us harmonize our economy with our environment.
Tweet by Paul Finch: BC should have a sovereign wealth fund funded by a prudent land value tax; mentions $1T land value rise.
Land is the largest transfer of wealth ever, from public to private hands.
The right thing to do is for society to capture some of it back to invest into its citizens.
not fringe anymore
because people are waking up to the absurdity of a system that taxes work more than windfalls
Sprawl is sapping our lives of time, energy and resources, and pushing people further away from opportunities and loved ones.
We should be using land much more effectively in urban cores.
Tax cuts on the middle class—the middle ground that both left and right can agree on.
If we lower tax on income and shift it to land, most households come out ahead and we'd have a healthier housing market. That's a political winner.
The "father of American literature" supported Henry George's idea that we should tax nothing but land.
Photo of William Nordhaus with quote: “Canada is showing the world how carbon pricing can best work.”
Carbon pricing is at the frontline of the idea that we should tax what we want less of, instead of taxing what we want more of.
One of the few things every economist can agree on.
Common Wealth Canada graphic: Jared Polis quote says land value tax can boost investment and growth while cutting taxes for a
Canada needs more leaders who understand that taxing land is more fair and effective than taxing jobs or homes.
Common Wealth Canada graphic: Pat Toomey quote says land value tax is pro-homeowner, pro-business and pro-community; portrait
On the other hand, not taxing land punishes workers, rewards speculation, and discourages investments.
"It would give everyone a minimum stake in the success of the country, of capitalism."
To address inequality, investor Bill Ackman says we should give every baby born money that's invested in index funds.
"By the time you're 65 it's a million dollars."
UK ad exec Rory Sutherland on land value tax
"It's extremely free market and capitalistic with regard to the fruits of your labour. Anything you do, any anything you build on your land is yours to keep."
But noone made land—it's a "rent-seeking device"
What if taxes rewarded building homes instead of leaving land vacant?
That's the idea behind land value tax.
"You shouldn't have to charge for public transit, it should be for free", if we captured the land value back that was created by public investments in the first place.
The greatest transfer of wealth from public to private hands is in land. It's fair we tax some of it back.
Common Wealth Canada graphic: Eric Lombardi quote says earned income taxed heavily while land wealth barely touched; calls it
This might just be the biggest economic injustice of all.
Business Insider headline: Bill Ackman says US should give every American cash at birth so they can retire a millionaire
To address inequality, investor Bill Ackman says we should give every baby born money that's invested in index funds.
It's a form of 'universal basic capital' that common wealth advocates are pushing for.
"Those who are taking from the commons, making profits from our commons, should compensate the commoners.
And those who are polluting the commons, diminishing our commons, should be compensating those who are suffering as a consequence." — Guy Standing
Alaska's Permanent Fund Dividend brought the state from highest inequality in the US to the lowest—by building public wealth for the people.
Alaska's Permanent Fund Dividend is perhaps the world's most famous - and successful - example of a Common Wealth Dividend. A universal payment from shared natural resources.
Many Canadians believe our provinces should adopt Alaska's model.
Common Wealth Canada graphic: John Pasalis quote says housing must become a less attractive investment to be affordable for n
can't fix housing if the business model is the crisis
Common Wealth Canada graphic: Mark Littlewood quote “I’m in favour of a land value tax,” with portrait.
Former Advisor to UK Prime Minister David Cameron, Mark Littlewood supports taxing land instead of work.
"If the purpose of tobacco tax is to deter you from smoking... alcohol tax is to deter you from drinking, what's the purpose of income tax? Deter you from working?"
Graphic titled “Move beyond compromise. Reconcile. Land Value Taxation” with Karl Marx and Milton Friedman quotes.
Left and right can agree on one thing: land rents.
Time to tax land, not paycheques.
