News

The major parties' policies are unlikely to resolve New Zealand's socio-economic issues unless they tax land, argue Zbigniew Dumieński and Nicholas Smith

The 2017 election is less than five weeks away and the key policy battles largely revolve around inequality, housing, transport, and education.

Pricing property
BY JOHN LORINC
POSTED OCTOBER 3, 2016
The promise and peril of land value taxes

The craziness of Vancouver’s real estate market, now the subject of frantic political attention, has revealed a rare kind of metric in dense urban environments.

Catherine Cashmore

Prosper Australia President Catherine Cashmore was interviewed by Michael Bleby in the weekend Australian Financial Review. The interview stepped behind the intrigue of Henry George and Land Value Tax.

https://www.prosper.org.au/2016/02/16/prosper-president-in-the-news/

Economic thinkers don’t often draw large crowds, but George did. “Thousands on thousands” of people filled the streets upon the death of the man whose text Progress and Poverty reportedly outsold the Bible in 19th-century America, the New York Times recounted.

Saturday, 16 January, 2016, Dominican University College, 96 Empress Avenue, Ottawa

Reception 3:30 - 5:00pm

The Annotated Works of Henry George, Our Land and Land Policy and Other Works
Francis K. Peddle and William S Peirce, Volume I, Series Co-Editors

You are invited to the inaugural launch of the first in a six volume series of the The Annotated Works of Henry George, with a presentation by Francis K. Peddle, series co-editor, and Professor in the Faculty of Philosophy at Dominican University College.

Paraic Lally

https://www.youtube.com/watch?v=UKaHfbN7WSI

According to: http://povertythinkagain.com/controve...
Georgism, Capitalism, and Socialism
Some people have mistakenly called Henry George either a capitalist or a socialist, but he was not either, at least not in any simple sense. One might say that George’s philosophy mixes capitalism and socialism, but it is more accurate to say that it is a distinctive philosophy that is neither capitalist nor socialist.
The central principles of capitalism in its purest form are
1) free exchange of goods in an unregulated market;

There are now over 170 Community Land Trusts in England and Wales, half of which formed in the last two years. The CLT owns the land so the rise in land value is held in common by that community.

http://www.communitylandtrusts.org.uk/what-is-a-clt/about-clts

Provincial and federal budgets loom: taxation is a hot topic.

The price of living in a modern, civilized nation, it nevertheless rankles when part of our earnings are deducted leaving less to spend on our families, every purchase incurring sales tax making life more expensive and shrinking our purchasing power, every enterprise paying what feel like fines for success.

Some pundits perennially complain of being taxed into the poorhouse, even as they drive fancy convertibles or build expensive home studios.

by David S. D’Amato
An overview of the life, work, and influence of Henry George, who famously argued that the only justifiable tax was a property tax on land.

http://www.libertarianism.org/columns/singular-henry-george-insights-inf...

The new government of Thailand plans to introduce new taxes before the beginning of the new fiscal year, which starts next month.

Prime Minister General Prayuth Chan-ocha said, “Tax collection in this new fiscal year will be broadened to boost state revenue and promote fairness. This will include inheritance and land taxes. This would have a limited impact on low-income earners, while tax benefits that favour the rich will be eliminated.”

Land Rents
September 10, 2014

This 2014 excerpt of PostMag, Spt 7, is by Larred Macfarlane. This article was first published in Scotland 44: Ideas for a New Nation.

Australians are routinely being told that hefty mining taxes would hinder the country’s exports of coal and iron ore. However, mining giant BHP Billiton recently increased its profits by 83% to US $8.1bn. In spite of this enormous growth, the company only paid US $29m in minerals resource rent tax (MRRT). As it stands, the tax is in no way making BHP uncompetitive.

Imagine a new streetcar or subway line were built and extra money started magically appearing in cash registers of businesses along it; along the route, especially at stops, landlords suddenly got a cash bonus with their monthly rent cheques....

Transit can pay its own way with Land Value Capture

http://www.erichthegreen.ca/2013/12/transit-can-pay-its-own-way-with-lan...

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Total Resource Rents of Australia

The Total Resource Rents of Australia report finds the complete removal of income, company and sales tax is possible by replacement with a tax on monopolies such as water trading, cyber squatting, taxi licenses and land.

“Economists have for hundreds of years pointed to a more efficient system by harnessing the naturally rising value of scarce resources as the tax base. Few reports have calculated if this is actually possible” said report author Karl Fitzgerald.

- Press Release: http://www.prosper.org.au/2013/12/03/harnessing-monopoly-to-finance-gove...

Agnes de Mille

New video produced by Earthsharing Canada:

A short history and profile of 19th century American economist Henry George, based on the writings of Agnes de Mille, George's granddaughter.

http://www.youtube.com/watch?v=qmKZthN50fs

http://www.henrygeorge.org/agnes.htm

Funding: Robert Schalkenbach Foundation http://schalkenbach.org/

Frank de Jong

Expensive farmland close to millions of people is best suited for school kids on field trips, families on farm vacations, and young people learning about agriculture, and for growing labour-intensive crops like organic vegetables, fruit, meat and eggs, not low-value crops like corn and soy.

Video: https://www.youtube.com/watch?v=JkXEM7fgGDc

New taxes on sales, gas and HOV lanes may be “fair and balanced” but they will be aggressively opposed and politically damaging to any government imposing them.

A far more politically defensible way to finance Toronto transit is Land Value Capture. The Ontario and municipal governments should finance the new transit by collecting the rise in land value that the new projects produce — a process that makes transit self-financing, with no need for other taxes.

Google the following:
Land Value Capture as a Tool to Finance Public Transit Projects in Canada

https://www.youtube.com/watch?v=aX5gzRnUfSw Francis K. Peddle, J.D., Ph.D., is currently Vice-President -- Academic Affairs at the Dominican University College, Ottawa, Canada and an Associate Professor in the Faculty of Philosophy. He is a barrister and solicitor and has been a member of the Law Society of Upper Canada for over twenty years.

Letters:
Tolls, Taxes: Globe and Mail: April 19, 2013

Ontario Premier Kathleen Wynne is right to forge ahead with Toronto-area transit upgrades, even over the complaints of parochial mayors. However, instead of new taxes and tolls – which will pit suburban dwellers against downtown residents and businesses – the new transit should be financed by collecting the rise in land values that the new infrastructure itself will generate.

Land-value capture makes warranted transit “self-financing,” with no need for politically unpopular new tolls or taxes.

by Fred E. Foldvary, Senior Editor, 4 February 2013

Geoism is the social philosophy and theory of absolute human equality, with the belief that each person is properly and fully a self-owner and an equal owner of the surplus from nature and from communities.
Human equality is the proposition that all human beings have an equal moral worth, because there is in human nature no inherent master/slave or superior/inferior relationship. Geoism takes equality to its complete logical conclusion.

There are two big problems with our property taxes: they are too high, and too low.

http://www.thebarrieexaminer.com/2013/02/13/tax-reform-badly-needed-in-c...

How can that be? Well, it’s because in Ontario, as across Canada, property tax is actually two taxes: a tax on land, and a tax on buildings.

Taxing land value is fair, because a site’s value stems from the community around it; land rent is higher in the middle of a bustling city than in a quiet village, and higher in a town than in a remote wilderness.