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Labour are prisoners of the housing market, because the public wealth they create does not return to them. They pay it twice. First in taxes, then in rents and/or interest.

There is no way out of this basic reality without a) Property tax b) Price regulation c) Credit regulation.

by kjr63 on Wed Jun 1st, 2011 at 07:36:28 PM EST
d) land distribution to end-users may also work.
by kjr63 on Wed Jun 1st, 2011 at 07:51:11 PM EST
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