France needs to read my paper
An economist argues that France's fiscal instability can be solved by implementing a Land Value Tax paired with a Universal Basic Income. The author suggests that current policymakers are failing to address the root causes of economic stagnation.
Why it matters
The proposal highlights the growing interest in Georgist economic theories as a potential solution to modern sovereign debt and wealth inequality issues.
I’m sitting in a macroeconomics strategy review held by my employers economics team, and they are staring dumbfounded at the french sovereign bond yield and it is evident they don’t know exactly why this is happening, nor what to do with it. The French government and opposition seems to also have no better ideas, seemingly paralyzed.
Everyone can see that France needs some change to their fiscal system, but even the most expert policymakers are scratching their heads. The only two options seemingly on the table feel unworkable:
Half of the debate thinks that the people can take it, they just need to work harder. The other half believes the economy can afford to pay out a bit more. Neither are correct (although perhaps some are closer).
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