Comments by "Jamiel De Abrew" (@JamielDeAbrew) on "Why the UK's Economy Stopped Working" video.

@volkerengels5298 interesting… it sounds like BOTH productivity and efficiency improvements should be a focus. (Be it efficient use of energy or land or materials… even efficient use of labour - which is productivity)
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@evgeniinekhoroshev8204 a land tax could be an easy way to tax the wealthy. Especially if executed in a smart way. A way that increases the efficient use of land, materials, energy, labour etc… An example would be a vacancy tax on property. A tax that is strong enough to force AirBnBs, holiday homes, hotels, motels to be leased on low demand days (to avoid the high tax). This would lead to maximum use of the property - increasing the efficiency of the land and the building materials and labour that created the building. It would lead to some short term rentals being converted back into long term rentals. And to some holiday homes being sold to homebuyers. The idea is that vacancy tax would be so high that pretty much no one would pay the tax as they would all avoid it. So the tax wouldn’t generate much revenue. To incentivise improving efficiency effectively, there should be a carbon tax. Some of the revenue of this tax could be used to fund the improvement of buildings to reduce the need for as much heating eg double glazed windows, insulation etc… Some of the revenue could compensate the retired and unemployed. The rest of the revenue could increase the lowest tax threshold to encourage workforce participation. Additional taxes could be placed on the elite school on a per student basis.
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