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Common Wealth Canada

@commonwealthcanada

"We have enough flippin' tax" Yes, on things that make society better and more productive, like work and building homes. We should shift those taxes to land value instead.

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Economists on the left and right agree that the fairest tax of all is NOT on what you earn from work or building homes, but on what you don't earn from rising land value.

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There's hope yet for the next generation. Tax the land. LVT🫱🏻‍🫲🏼UBI

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Common Wealth Canada

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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"Some of these places don't even have closets. Investors aren't very choosy about whether the floorplan works...they just want the best value for their money." Our economy treats housing as investment first, home second. Time to reverse this mindset.

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Our biggest challenges in housing, poverty, and productivity stem from our relationship to land. No policy will make homes affordable or end poverty without making land a worse long-term investment.

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Common Wealth Canada

Would you vote for a policy that makes homes more affordable, but noone could profit much from rising home prices? This is the trade-off we need to ask for future generations.

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Broadcast spectrum revenues "could and arguably should be distributed as dividends". - Brent Ranalli, author of Common Wealth Dividends But instead of being paid, Canadians are paying spectrum oligopolies.

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"Canada has built an economy where the best way to get rich isn't to invent create or build anything, it's to own houses and wait for prices to rise" "Money from work is taxed higher than money from owning homes" Imagine a housing minister saying this

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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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Noone's talking about what we actually need, which is for prices to come down. The desire to get wealthy off land values is incompatible with the need for affordable homes. Again, no politicians are even acknowledging this.

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