No. It's time to tax privileges such as private property in Commons such as land and therefore to redistribute Capital and unearned income.
On this, I am in full agreement with you. But it is not incompatible with high marginal income tax rates. I suppose it depends whether taxes on rent would be enough for all public spending needs. In the long run, we're all dead. John Maynard Keynes
Friedman himself took this
The least bad tax is the property tax on the unimproved value of land - the Henry George argument of many, many years ago
view... "Any economic unit can emit money. The serious problem is to get it accepted" Hyman Minsky
What's wrong with a punitive super-tax rate on high-end capital gains, and closing tax loopholes to make offshoring and other avoidance scams - like leveraged buyouts - very much less profitable?
If Wolf and Friedman are for it, it's unlikely to be a good idea
Even broken clocks are right twice a day...
Great in principle, but not easy in practice.
The beauty about land value taxation is that land, unlike people, is not mobile. "Any economic unit can emit money. The serious problem is to get it accepted" Hyman Minsky
