59. Jeff Smith: Land’s Value Belongs To Everyone

Author Jeffery Smith and RA “Kris” Millegan discuss Smith’s book, “Counting Bounty: The Quest to Know the Worth of Earth.” (Smith: “It wasn’t the tax that was crucial. It was returning that as dividends to people that is the key element.” Regarding a universal basic income: “Classically, the value of land is something that belongs to society [which the members of] should share in equally. America is behind the rest of the developed world in creating this extra income for everybody. But it’s pretty big in Europe. There’s a lot of discussion in Europe. But America is catching up. Now they just have to catch up in using rent to fund it.”)