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Common Wealth Canada

@commonwealthcanada

"UBI seems to be effective...I don't need it to be perfect, I just need people not to starve." - George Stroumboulopoulos

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"Chrystia Freeland... she is a Georgist. You're not gonna believe that." — Dr. Frank Peddle, co-editor of The Annotated Works of Henry George. Freeland supports land value tax and has even called for a revival of Henry George's ideas.

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"The uncomfortable truth is that Canada's high home prices are a deliberate policy choice. Our system encourages housing as an investment rather than a basic affordable need." — John Pasalis, President of Realosophy Realty

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One of the best videos ever made on how land value tax could help address the housing crisis. By @bcgeu.bsky.social

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Toronto landlord who owns 30,000 houses explains why young people don't want homes. Remember, your income is taxed way more than their land profits.

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At the root of our housing crisis is the collective desire to treat homes as an investment, not just a place to live. How do we turn that around?

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Many people wonder why land value tax won't just raise rents. Answer: you can't create or destroy land. That's why economists consider it the 'least bad' (even 'perfect') tax. It could lower income or property taxes and encourage more housing supply.

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Common Wealth Canada

The US, UK, Canada and Ireland all have a similar number of housing units per capita, yet Canada is far more expensive. Of course we need more homes built, but this just shows that there's more at play than just supply.

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She had to pull the mic away twice 😂 Our biggest problems come from the overfinancialization of housing

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Adam Smith, the godfather of capitalism, strongly believed that we should tax land, not workers. Why tax what people have earned? We should tax what people have not earned. That would encourage more housing and make our economy work better.

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"Our policies don't just allow housing to be a financial asset, they actively encourage it. The more profitable housing becomes the less affordable it is for the people who actually need it." — John Pasalis, President of Realosophy Realty

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