EXCERPT: This Robin Hood scenario has rarely happened in history. More efficient than trying to capture wealth downstream, after the elite has accumulated it, is to capture wealth upstream, preventing an elite from forming. A tax on income or sales or property captures wealth...
This is a good example of classical economics approach to Resource Rent, (also referred to as land value tax or single tax) as opposed to the kind of exploitation we are currently witnessing, for example, currently in Iraq, and not long ago in Russia, where foreign...