There will be a revolution of sorts. Hopefully it will be in the hearts of the morbidly rich and those who measure others by their material means. This article was so touching. Thank you JM.
Not sure about "There is no happy ending to the housing crisis because the solution can't be found in capitalism." What about a land value tax that is proportionate to the size of the owned land and distributed to citizens as a dividend? That should make large landownings less profitable and give lower incomes some extra purchasing power.
Taxing investments like income and housing profits as capital gains, would help. I don't know about Britain but Canada is not allowing foreigners to purchase housing for the next couple of years. That should help. A crack shack in what was a shitty neighbourhood is $2,000,000.00 and described as a "bargain" in online brochures. It's hard to imagine.
There will be a revolution of sorts. Hopefully it will be in the hearts of the morbidly rich and those who measure others by their material means. This article was so touching. Thank you JM.
Not sure about "There is no happy ending to the housing crisis because the solution can't be found in capitalism." What about a land value tax that is proportionate to the size of the owned land and distributed to citizens as a dividend? That should make large landownings less profitable and give lower incomes some extra purchasing power.
Are the rich or the current political system going to let you do this? And that is my point
Taxing investments like income and housing profits as capital gains, would help. I don't know about Britain but Canada is not allowing foreigners to purchase housing for the next couple of years. That should help. A crack shack in what was a shitty neighbourhood is $2,000,000.00 and described as a "bargain" in online brochures. It's hard to imagine.