Thursday, May 19, 2016

The Land Rent Gini Coefficient



People often talk about the "Gini coefficient" for total income.  But some income is earned (wages and capital yields), while some is not (land rent).  Discussing the Gini coefficient as it applies to all of the income in a nation is a distraction from the real issue, which is how fairly people are being compensated for their exclusion from valuable land.

The Land Rent Gini Coefficient (LRGC) is the only objective measure of true fairness and equality of opportunity in a given jurisdiction.

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