Common Wealth 🍁 @CommonWealth_ca
We advocate for land value tax and dividends from shared wealth, to make homes affordable and give everyone a stake in our automating economy. commonwealth.ca Canada Joined April 2023-
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We have decades of data on how people getting a basic income spend their time. They continue to work AND spend more time: - seeking better work - going to school, upskilling - building businesses - volunteering - caregiving, being with family - exercising, eating healthy
We have decades of data on how people getting a basic income spend their time. They continue to work AND spend more time: - seeking better work - going to school, upskilling - building businesses - volunteering - caregiving, being with family - exercising, eating healthy
"I think there's an opportunity to ship billions of robots in the coming decades onto the planet" - Figure CEO Brett Adcock What happens to wages when the marginal cost of routine labour approaches 0? In any event, we'll need UBI.
Won't landlords just jack up rent with land value tax? No, LVT isn't passed onto tenants. If anything rents might go down as new supply comes online.
Our food crisis is a land crisis. 70% of Ontario food bank users spend 70%+ income on rent. 1 in 4 Toronto users spend 100% income on housing. Now food bank donations are dropping because everyone's squeezed. We won't solve this without greater taxing & sharing of land rents.
I'm so excited for Margot to do this! "In addition to being an outspoken feminist, Magie was a Georgist — someone who adhered to Georgism, an economic ideology that believes “the economic value of land, natural resources, and opportunities should be... harpersbazaar.com.au/monopoly-film-…
Monopoly pays a UBI so every player has liquidity to participate in the economy. The inventor Liz Magie originally named it "The Landlord's Game" to show how privatizing land wealth drives extreme inequality and poverty. One set of rules showed how land value tax solves this.
They're making a movie based on the game Monopoly and it better include universal basic income as the game does, and Georgism as the original creator intended. harpersbazaar.com.au/monopoly-film-…
UBI can't get here fast enough
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.
Decided to spice up my wardrobe with a dash of economic progress #LVT #ChicEconomics
"The emphasis on increasing housing supply obscures an issue politicians are less likely to address. Namely, that we have become addicted to ever-rising home prices, largely because we've been conditioned to see our homes as financial assets." cbc.ca/news/business/…
Great meeting with Victoria Mayor Marianne Alto today talking about the need for a basic income for Canada. She’s for basic income as an essential component of a modern social and economic system.
No matter how technologically advanced and productive we get, working class people will fall behind because so much of that potential is going to banks and land owners. The gains of technology would be more broadly shared across society if we taxed land, instead of work.
UK Prime Minister David Cameron Former Advisor, Mark Littlewood, supports taxing land Vs work. "If the purpose of tobacco tax is to deter you from smoking, alcohol tax to deter you from drinking, what's the purpose of income tax? Deter you from working?"
1/2 of your labour goes to using land 1/4 of your labour goes to the government How about we tax land instead of hard work?
It's crazy that some of the most in-demand land in Canada (and in the world) has density going DOWN. Our housing system incentivizes the very opposite of what we need, pushing people further away from jobs and loved ones. We need to be rewarding better land use, not punish it.
Julian Domain @DomainJulian
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1K Followers 917 Following Wannabe Inventor. @[email protected] Energy Eff. /= Energy Reduction. Is apparently full of heavy water. views are mine@tsarnick Great question. We also have decades of evidence showing people who get basic income continue to work, AND spend more time: - seeking better work - going to school, upskilling - building businesses - volunteering - caregiving, being with family - exercising, eating healthy
We have decades of data on how people getting a basic income spend their time. They continue to work AND spend more time: - seeking better work - going to school, upskilling - building businesses - volunteering - caregiving, being with family - exercising, eating healthy
@60Minutes They just told you they're about to start using these robots this year. Not next year or six years from now. THIS year. #UBI
@weather_forkast - Upton Sinclair - Stephen Hoskins
"It is difficult to get a man to understand something, when his clout depends on his not understanding it."
"I think there's an opportunity to ship billions of robots in the coming decades onto the planet" - Figure CEO Brett Adcock What happens to wages when the marginal cost of routine labour approaches 0? In any event, we'll need UBI.
Won't landlords just jack up rent with land value tax? No, LVT isn't passed onto tenants. If anything rents might go down as new supply comes online.
"What happens when there is no shortage of labour? That's why I think long-term there will need to be Universal Basic Income." - @elonmusk
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.
Our food crisis is a land crisis. 70% of Ontario food bank users spend 70%+ income on rent. 1 in 4 Toronto users spend 100% income on housing. Now food bank donations are dropping because everyone's squeezed. We won't solve this without greater taxing & sharing of land rents.
The Who's Hungry 2023 report is out and it's not looking good for Toronto: - 1/10 Torontonians rely on foodbanks (2x last year) - 52% of them are employed - 1 in 4 spend 100% income on housing - Clients have on avg $6.67 after rent + utilities - 31% went whole day not eating -…
How about that: food insecurity is the worst it's ever been, while society is the most prosperous it's ever been. It's no coincidence, but the result of economic progress inevitably raising rents for all. Without land value tax, this trend will continue forever.
Thank You Federal Government & Bank of Canada For Making More Canadians HUNGRY Canadian food banks are on the brink: ‘This is not a sustainable situation’ Batshit Crazy House Prices, Sky Rocketing Rents & unaffordablity 2/ | Globalnews.ca globalnews.ca/news/10447112/…
I'm so excited for Margot to do this! "In addition to being an outspoken feminist, Magie was a Georgist — someone who adhered to Georgism, an economic ideology that believes “the economic value of land, natural resources, and opportunities should be... harpersbazaar.com.au/monopoly-film-…