Does Georgism Work? Is Land Really A Big Deal?
Astral Codex Ten Podcast
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Two Thousand 19 Federal Spending Versus Two Thousand 20 Land Rents
There are 700, forty five billionaires in America. Some people think we should tax them to pay for all our stuff. As obscenely rich as billionaires are, the amount of money it takes to run a country at scale is even more obscene. If we were to eat the rich in averte commes and forcibly expropriate 100 % of billionaires money, we would raise a one time lump sum of around five trillion dollars. Even the lowest estimate, the federal reserve method, using a five % cap rate, is enough to cover any one of defense, social security or medicare, plus medicate, all by itself.
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