October 24, 2006


I was reading a post about the reason for the rise in house prices (which is land values since the material of the house itself has been getting cheaper and cheaper to replace apparently) but it was one of the diagrams that really caught my eye, This one:

Not for the land and rent prices, but for the data charted below that wages, GDP per capita and all taxes per capita. Look at how the rate of increase in taxes outstrips both that of GDP per Capita and wages by a considerable amount.


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