I have been tackling that issue here. I have argued that changing tax law to ensure that the savings glut created by money creation is redirected towards capital formation is an essential part of achieving this goal. After all, one of the stated goals of the Green New Deal is the delivery of more social housing. I am quite sure that this solution will be adopted in due course.
Why not loosen planning permission so that it’s cheaper to build more houses?
How interesting is the suggestion that MOAR TAX will lead to the building of social housing? Not very. At best it is equivalent to watching a donkey fellate a would-be professor
Last year: consumption is wrong.
This year: saving is wrong, let’s steal it.
Jacinda is having problems harnessing the Unicorns.