Common Wealth 🍁
@CommonWealth_ca
Canada's advocate for real housing reform and citizen's dividends. Shifting taxes to land can fix housing and replace harmful taxes on work and building.
The visionary author understood that taxing land instead of workers can steer us away from a dystopian future.
A lot of our problems with productivity, housing, and inequality will improve over time if this gets implemented.
Can't argue with supply and demand.
There's a HUGE blindspot in the inequality debate The #1 source of wealth is owning homes. The #1 source of poverty is high housing costs. Why do we keep taxing Canadian workers so much more than real estate gains?
It's very simple The bottom tends to make money working, the top from owning things AI will only widen the gap, it's the natural trajectory of our economy It's why universal basic income and universal basic capital are getting serious interest
Gerald Huff, Former Principal Engineer at Tesla was a visionary UBI advocate. He saw the extreme job disruption of AI and believed UBI would ease the transition to a world of abundance created by technology.
There's so much talk about taxing away wealth. But by far the #1 source of wealth and poverty in our economy is rising land prices.
When you think about it, Universal Basic Income is inevitable.
Canada's not even on the chart, yet we're one of the most resource-rich nations what are we even doing? Every Canadian should be getting dividends from sovereign wealth funds
UBI is making sure you are paid for your contributions to creating the new technologies. These technologies feed off of your data - your work. We all deserve to be paid our part. The technologies are nothing without our input (our collective work).
AI will bring massive abundance It's better to share it
The scary part is that nobody is surprised, and nobody expects the trend to reverse anytime soon This is an important thread🧵
It's very simple The bottom tends to make money working, the top from owning things AI will only widen the gap, it's the natural trajectory of our economy It's why universal basic income and universal basic capital are getting serious interest
It's very simple The bottom tends to make money working, the top from owning things AI will only widen the gap, it's the natural trajectory of our economy It's why universal basic income and universal basic capital are getting serious interest
ngl we're pretty proud of this our supporters have mailed our factsheet and a personal letter to their MP in 15% of Canadian ridings who's ready to join us?
Can’t fix housing if the business model is the crisis
The recent housing report by Realosophy President John Pasalis is a masterclass on speaking the truth, when financial & political forces keep most housing 'experts' quiet. "Canada has built an economy where the best way to get rich isn’t to invent, create, or build anything—it’s…