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The campus of the University of Chicago. Kevin Carey says most students of the future won't be going to traditional college campuses. Photo: Wikipedia.

The End of College or the University of Everywhere

When education policy wonk Kevin Carey looks into the future, he sees the end of traditional colleges and universities and he says that's a good thing.

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in collaboration with Spotlight on Poverty and Opportunity

Tax privilege, not productive work

File under: tax policy, opportunity, privilege, taxes

0 (0 votes)

From: Chuck M., Chicago, IL

A pair of complementary fiscal reforms would vastly reduce unemployment and poverty.

(1) Stop taxing productive work. That means no payroll tax and no income tax on wages or capital goods.

(2) Tax privilege at a very high rate. A big part of privilege is the private ownership of land. So this means a tax based on land value. (This preserves private ownership, while eliminating speculation.) Other kinds of privilege include valuable mineral leases, underpriced grazing rights on federal lands, electromagnetic spectrum, and a number of others. It may be desirable to place part of the land value tax not on the owner of the land, but on the holder of the mortgage.

The net result of these two changes is that effective wages go up, but the cost of hiring labor becomes cheaper, so unemployment is vastly reduced. Resources withheld for speculative purposes become available to those who want to use them productively.

This is a simple concept but has many ramifications -- more than one would likely want to read here. Many useful papers have been written to describe and explain. One good one is Fred Foldvary's "The Ultimate Tax Reform: Public Revenue from Land Rent."


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American RadioWorks |
The campus of the University of Chicago. Kevin Carey says most students of the future won't be going to traditional college campuses. Photo: Wikipedia.

The End of College or the University of Everywhere

When education policy wonk Kevin Carey looks into the future, he sees the end of traditional colleges and universities and he says that's a good thing.

Recent Posts

  • 03.18.15

    UnRetirement

    Today older Americans are heading back to school in record numbers. Many have already started a career, but want to gain knowledge or skills that can make them more competitive in the workplace. Colleges and universities are grappling with the needs of a changing population of students.
  • 03.11.15

    The Test

    In her new book,“The Test: Why Our Schools are Obsessed with Standardized Testing–But You Don’t Have to Be,” NPR Education Blogger Anya Kamenetz examines the role testing plays in American public education.
  • 03.04.15

    An Administrator Responds to Adjunct Protests

    Last week, we talked about growing dissent among adjunct college instructors who claim they’re not getting compensated fairly for the work they do. This week we’ll hear from someone who has dealt with this issue from the administration side.
  • 02.26.15

    Adjunct voices

    Ahead of National Adjunct Walkout Day on February 25th, American RadioWorks asked adjunct professors around the country how things are going for them. The short answer? Not well.