Since we are somewhere in a recession, maybe the beginning, maybe the middle, maybe the end, it's important that we try to find out what is going wrong. Most people say it's the lack of regulation of the banking and financial markets that have allowed a few to profit at the expense of the many.
I believe that the problem is that we don't differentiate between the wealth that we've earned (the fruits of our work) and the wealth that God/Nature has given us as a society.
Some others have done a lot of work in this regard and you can find their efforts online at:
We know that if something is taxed, it will be reduced: if we tax beer, beer sales will go down. In the same way if we tax work, wages and employment will go down.
If we tax land, the amount of land does not go down, but the demand for it will go down, because only those who want to use it will buy it, land speculators will not want it. If that happens, the purchase price of land will go down, by the law of supply and demand. The purchase price goes down because speculators (those who believe they can profit from the ride up the bubble) don't bid up the price so high.
This makes housing more affordable.
Untaxing work means that workers' wages are higher and that employers are motivated to create more jobs.
(to be continued)