18 September

A land tax of only 0.1% would wipe out the $500 billion debt we incurred fighting Covid. Who resists it? The people who own most land. Who owns most land? The wealthy. Who are the wealthy? Overwhelmingly the boomers (and yes this doesn’t mean all boomers are wealthy, but then if they don’t own lots of land they’re not impacted.) The big demographic shift is underway worldwide now. Millennials and Gen X now have the majority, and policies favouring older generations will likely now start to fall away, like massive tax concessions to those who own land, and resistance to electrification of the economy to beat climate change. It’s been a long time coming.