this post was submitted on 30 Jan 2024
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Not all models or definitions of Capitalism even follow that, go read Henry George. You can represent collective ownership of land through taxing the shit out of those that own it, and since it's the one resource you can't make more of its the best way to eliminate the landlord parasite problem because no one will own land they don't intend to use to fulfill a use case. Supply for housing, for example, would even out as landlords start seeing holding unimproved land as a huge red check on their balance sheets. They would be incentivized to sell or build something that people need on said land.
Trickle down economics was a joke because the more wealthy people become, the more they want with that wealth, and the more they're desires influence what the market creates. So we spend resources making diamond studded hand bags and mega yachts when the market wouldn't even create those things if the richest among us (always land owners in the end) actually got taxed on the one thing they can't tax dodge, land holdings.