France's bond turmoil has a 150-year-old fix nobody will read

France needs to read my paper

Watching his employers' economics team stare blankly at French sovereign bond yields, a researcher argues the paralysis over spending cuts versus tax hikes is a false choice. His paper with a co-author splits capitalism into productive returns and economic rent, then proposes the obvious policy: tax the rent-seeking half, not the growth half. The mechanism is a Land Value Tax funding a Universal Basic Income — essentially Henry George's Georgism, revived.