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With Liberty and Dividends for All by Peter Barnes

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Recycled Rent

You built a factory and it turned into something terrific—God bless!Keep a hunk of it. But part of the underlying social contract isyou take a hunk of that and pay forwardfor the next kid who comes along.

—Senator Elizabeth Warren

So far, I’ve described rent as a negative force in our economy. Now I want to present it as a potentially positive force—as money that, rather than being extracted by a few, is shared among many. I’ll call this virtuous variant recycled rent.

There are two key differences between extracted and recycled ...

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