JOHN ALT

Elle, this is a great, insightful post—and I look forward to the next series pamphlet. One “small” detail you continue to neglect, however, is the mechanism of modern fiat money, as in:

”…governments could tax companies instead of incomes and fund important services that ensure our wellbeing—like healthcare, reskilling sabbaticals to retrain the workforce as needed, and guaranteed jobs at a guaranteed living wage.”

Sovereign, currency-issuing governments do NOT have to TAX anybody to “fund” any of the things you listed. Saying that governments DO need to tax to “pay for things” reinforces a profound misunderstanding that prevents us from undertaking—RIGHT NOW—many of the things you suggest in your essay. No need to be waiting for the future—only need to understand, and embrace, the mechanisms of fiat money.

Thanks for your work!

This is a great introduction to a very interesting "white paper" on the topic of Utopian Cities.

I have just posted an essay on my Substack "Paying For It" that offers an ADDITIONAL strategy for financing Community Land Trusts. The title of the essay:

"Utopian Cities and Modern Fiat Money--An Alternative Finance Mechanism for Elle Griffin"