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Conclusions

In: Henry George and How Growth in Real Estate Contributes to Inequality and Financial Instability

Author

Listed:
  • Edward Nell

    (New School)

Abstract

Poverty and instability result from the working of the whole financial system, not just real estate. Henry George’s proposal for a single tax on rents should be expanded to a set of taxes on the financial system, especially on speculation, for example, Tobin taxes. The financial sector should be seriously reorganized and reduced in size and importance. With taxes falling chiefly on rents and financial earnings, government spending should be used to manage aggregate demand and support innovation. These policy changes could break the link between Progress and Poverty.

Suggested Citation

  • Edward Nell, 2019. "Conclusions," Palgrave Studies on Henry George for the 21st Century, in: Henry George and How Growth in Real Estate Contributes to Inequality and Financial Instability, chapter 0, pages 135-138, Palgrave Macmillan.
    • Handle: RePEc:pal:psochp:978-3-030-18663-0_11
    DOI: 10.1007/978-3-030-18663-0_11
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