France needs to read my paper

A macroeconomist argues that France's fiscal crisis stems from a failure to distinguish between productive returns on capital (from innovation and growth) and unproductive economic rent. He proposes taxing the latter while incentivizing the former through a combination of Land Value Tax and Universal Basic Income, drawing on 150-year-old Georgist theory that he claims resolves the false choice between spending cuts or tax increases that currently paralyzes French policymakers.