Economic Rent

Harnessing Monopoly to Finance Government

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...

»

Frank Peddle on the Harold Channer Show

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.

»

Quotes by Famous People on Rent Recovery

Prominent people living today and throughout history endorse financing government by collecting economic rent in lieu of taxing jobs, businesses, sales.

Resource

Pure Geoism

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.

»

Frank de Jong interview on Economic Rent

A 30-minute interview where Earthsharing Canada's Frank de Jong argues that governments should finance programs like health care, education by collecting economic rent in lieu of taxing jobs, businesses and consumption.

30-minute interview

Frank de Jong interview on Economic Rent

Linked is a 30-minute interview where I argue why governments should finance programs like health care, education by collecting economic rent in lieu of taxing jobs, businesses and consumption.

Resource
Video: 
See video

Reverse mortgage best option for seniors

Reverse mortgages allow seniors to stay in their homes

Today's Toronto Star front page features a dejected senior citizen struggling to pay her rising municipal taxes. Purchased decades ago, mortgage long paid off, her house, in a groovy part of downtown, is now worth upwards of $700,000, having doubled in price in the last 10 years alone.

Written as a hard luck story, this "unfortunate" fixed-income senior can barely make ends meet, mortified of being forced to sell her long-time home.

»

Joseph Stiglitz Praises Henry George

Joseph Stiglitz

The Generalized Henry George Principle:
One of the general principles of taxation is that one should tax factors that are inelastic in supply, since there are no adverse supply side effects. Land does not disappear when it is taxed. Henry George, a great progressive of the late nineteenth century, argued, partly on this basis, for a land tax. It is ironic that rather than following this dictum, the United States has been doing just the opposite through its preferential treatment of capital gains.

»

Communism

Allowing rent to mostly accrue to land owners (as in Canada and other democracies) has the same negative effect as not collecting it all, as in the former USSR.
-------

Michael Hudson writes:
The former Soviet Russia and other [communist] economies had NO payment of rent. But they had land. Because Russia did not collect the rent for land it led to inefficiency. Bureaucrats let the "best" flats in a city to Communist Party members in return for favours.

»

Recessions

Pundits generally blame the recent real estate bubble on loose lending practices and on about Wall Street corruption; they blame President Obama and other world leaders for doing next to nothing to tighten lending rules, let alone punish the bad guys, and usually conclude with Hail Mary exhortations that something must be done or it will happen again.

The deeper cause of this and past recessions is the rent seeking contagion, investors become speculators hoping to collect ever more unearned income (economic rent) before the speculative bubble bursts.

»
Syndicate content