And, in the same quote goofy cited,
Quote:
We don’t need to eliminate the market economy or property rights. We just need to realise that a lot of the income in the world today goes to the people who own resources and the stuff we’ve made out of them. Tax that unearned income and share it with everyone – a universal and unconditional basic income.
How much? To what effect, how much does that reduce productivity?
The example of unearned income in the article is
unrealized capital gains. The real estate hasn't been sold by the author. I wonder if taxing it includes taxing unrealized gains. If not, then there would be no change to the unfair situation that the author describes. So, it led me to believe (perhaps incorrectly?) that the author is somehow suggesting that unrealized capital gains should be taxed. That sounds bad to me, confiscatory.
The article doesn't explain the solution in detail, but am I far off?