Why do we feel poor in one of the richest countries in the world? Because the wealth isn’t shared.
The UK’s richest didn’t earn their fortunes — they inherited them. Dynasty not meritocracy.
But, argues @stephenmcnair.bsky.social, a wealth tax is not the answer.
The UK’s richest didn’t earn their fortunes — they inherited them. Dynasty not meritocracy.
But, argues @stephenmcnair.bsky.social, a wealth tax is not the answer.
Comments
Land Value Tax is by far the most economically & socially advantageous type of tax thanks to its zero deadweight loss and the resulting reallocation of capital from inflated land values to productive, value-added economic activities.
#LVT