re: Half of the UK is owned by 1%

quote:

---

quote:
So, let’s be generous and say that 5% of the wealthiest in the UK own everything. Is that ok?


What do you propose we do to fix that?

---

We already did. Fee simple ownership of land was established dating back to the Northwest Ordinance in 1787.

The effect of that was getting rid of primogeniture and fee tail ownership of land - in other words, breaking up estates and distributing it among multiple heirs who could do anything they wanted to with it (keep it, subdivide it, sell it, etc.) instead of keeping it together and passing only to the eldest son. For that, along with explicitly outlawing titles of nobility in the constitution, you can thank James Madison and especially Thomas Jefferson.