Two Foundations of Capitalism

Capitalism is best understood as a method to create a pool of people who must work to survive (proletarians). This method — carried out by the State in the form of laws — is twofold: (1) forbid free access to subsistence land, (2) introduce a property tax. [The British in Africa called it a “hut tax.”]

The consequence is that even after buying a property and getting rid of a mortgage on the property, no one can live on such a property for free because there is a rent to be paid to the government — a property tax.

I came across an interesting article explaining the origin of property taxes:

Alana Semuels, “The Feudal Origins of America‚Äôs Most-Hated Tax,” The Atlantic, August 24, 2016.

Her source of information seems to be:

Jonathan R. T. Hughes, The Governmental Habit Redux: Economic Control from Colonial Times to the Present, 1991.

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