Embedded inequality, subsistence wages, impoverished public services, unsustainable debt, land speculation, forced economic migration and homelessness can be history…IF we so choose.
Is it any wonder our public revenue is inadequate? The owners of rent-yielding assets extract one fifth of the gross UK income for doing…nothing. That equates to a staggering 40% of what should be flowing into the UK public purse by collecting AGR/LVT.
But if we fail to recognise the problem is ‘Rent-seeking’ we will make little progress.