he knows what we need but maybe not how to get it

Rebecca Parson, a Democratic Socialist running in Washington’s 6th Congressional District, tweeted that “$15 minimum wage is an antiquated demand. It should be $30 per hour.” According to her reading of the present economy, which is mostly correct, “1 adult supporting 1 kid needs $30 an hour across the country. Rural, urban, suburban: $30 is the floor.” But increasing wages will only return us to regular Keynesian economics when what we really need to do is move toward an economy that makes life much cheaper. Raising wages without considerable structural changes can will only add more fire to the belly of the beast we call capitalism.

The increases in the cost of living and resulting inflation are caused by the increasing cost to access land for development. Inflation is caused by too many dollars chasing a scarce good…what is more scarce/finite than land? We have all the land we will ever have, and as much as all the kingdoms and empires ever had. What we have that they didn’t is a lot more people trying to make living, build a life, on that land. Putting a rent on land the returns that rising value to the people who created it is what we need to do.