Quote Originally Posted by Beleriphon View Post
As a thought what if we had a plutocracy based on land ownership....
Collected money is used by the collecting body to police the city/county with a standing army.
Only problem is the last part....it assumes ownership reverts to the state again...otherwise the buyer is paying the previous owner and the state doesn't get paid. while this may be adjusted by stamp taxes or sales tax, the state couldn't rely on it for long term steady income. it could be more equivalent of a sale of stock. But would need land to do so on unlike stock being created out of legalese air...and has similar diluting effects on the power of all other current vote holders.