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The Renegade Economist

Earthsharing Canada Google Group - Thu, 2018-12-13 02:43
I'm the guest on Karl Fitzgerald's radio program "The Renegade Economist" this month, run by the Australian Geoists. http://www.earthsharing.org.au/2018/12/the-end-of-the-month-or-the-end-of-the-world/ The first couple of minutes are very funny, he thought I lived in Alaska! frank de j

Robert Schalkenbach Foundation Executive Director Search

Earthsharing Canada Google Group - Wed, 2018-12-12 21:21

A Fertile Mind

Earthsharing Canada Google Group - Sat, 2018-12-08 21:27
---------- Forwarded message --------- From: Wyn Achenbaum https://www.reed.edu/reed-magazine/articles/2018/mason-gaffney.html SOCIAL SCIENCES A Fertile Mind For 70 years, trailblazing economist Mason Gaffney ’48 has championed land over capital. By Mamie Stevenson ’12 |

18-year real estate cycle

Earthsharing Canada Google Group - Thu, 2018-12-06 22:23
A new report (attached) from Fred Harrison, who always produces top notch stuff. I love the matter-of-fact way he presents the 18-year real estate cycle! Frank de J ========== From: Fred Harrison Date: Thu, Dec 6, 2018 at 8:47 AM Time to get political: attached.

Fwd: Good News Fw: ZA's Constitutional tax-haven

Earthsharing Canada Google Group - Wed, 2018-11-21 11:58
---------- Forwarded message --------- From: Brendan Hennigan Good news FYI from South Africa - *-------Original Message-------* *From:* meak...@iafrica.com *Date:* 11/20/2018 6:09:48 AM *To:* Peter M *Subject:* ZA's Constitutional

The Value of Everything

Earthsharing Canada Google Group - Wed, 2018-11-14 01:51
Here's an interesting interview on TVO with economist Mariana Mazzucato, < https://www.youtube.com/watch?v=yZsTOvCTrrs&fbclid=IwAR2ZieFfHcgeEHV2lN9AItLo_yS16uuXLL6vy0vYX50DSQO3ERxXLrEfNuw> she talks like a Georgist, about earned and unearned income, about the Physiocrats

Fwd: Tonight from 6pm! Prosper's Monthly Discussion!

Earthsharing Canada Google Group - Wed, 2018-11-07 02:32
Wouldn't it be great if we had a bigger Geoist Organization in Canada.... We dream. Frank ---------- Forwarded message --------- From: Prosper Australia Date: Tue, Nov 6, 2018 at 9:45 PM Subject: Tonight from 6pm! Prosper's Monthly Discussion! To: Mr. Frank de Jong

China may introduce Land Tax reform in 2019

Earthsharing Canada Google Group - Sat, 2018-10-20 11:54
China may introduce a Land Tax reform bill next year, at the highest level, says this article in the South China Morning Post How Sun Yat-sen, Singapore can help China avoid a housing bubble < https://www.scmp.com/comment/insight-opinion/united-states/article/2169147/how-china-can-tax-its-way-ou

Spaceship Earth

Earthsharing Canada Google Group - Fri, 2018-10-19 19:18
From: Fred Harrison *Spaceship Earth* From Wikipedia, the free encyclopedia *Spaceship Earth* or Spacecraft Earth is a world view encouraging everyone on Earth to act as a harmonious crew working toward the greater good. The earliest known use is a passage in

Nice to read this Toronto writer suggests leasing not selling land near transit...

Earthsharing Canada Google Group - Wed, 2018-10-17 23:17
[image: mm] Written By Cherise Burda 3. Harness public land for transit-oriented development. [image: trending] Another important strategy to build affordable housing is to harness public

How Jared Kushner Avoided Paying Taxes - The New York Times

Earthsharing Canada Google Group - Sat, 2018-10-13 11:10
*Step 1: The Purchase* *Kushner Companies buys a property. The majority of the money for the purchase comes in the form of mortgages and personal loans from banks.* *Step 2: The Write-Off* *Under the federal tax code, real estate investors can write off the purchase price of the building —

All I Want Is for You to Listen: A Personal Story with a Political Lesson

ECONAMICI A land economist's view - Sat, 2018-10-06 11:12

When I complain to my husband of 32 years about something—an argument with my sister or a computer malfunction—he immediately drowns me in a stream of good advice.

“Stop!” I tell him. “All I want is for you to listen!”

We returned from a Fourth of July holiday in a friend’s car, with me driving, the friend directing, and my husband in the back seat.

“Oops,” I say, “I missed the Sawmill River turnoff.”

“Never mind,” the friend responds, “We’ll take the Cross Bronx.”

But a big lighted sign warns us that there’s been an accident and two lanes are closed on the Cross Bronx.

“OK, then it has to be the Third Avenue Bridge.”

When we finally get home on the West Side, my husband is furious.

“That detour made it take twenty minutes longer to get home. I had to pee so badly I almost wet my pants.”

“I’m sorry,” I say, “But there was an accident on the Cross Bronx.”

“Well you should have found another way to get back to the Sawmill. You didn’t even ask my advice on the route.”

“You were in the back. It’s Thomas’s car. I was taking directions from him. He was nervous about my driving. Why didn’t you ask us to pull off and find a gas station?”

“I was in a hurry to get home. I think we need to find a counselor to help you learn to be more sensitive to other people’s feelings.”

“I’m glad to see a counselor. And I promise to learn to be more sensitive to your feelings. But you should learn to be clearer about what you need.”

“That’s not the point. You should have asked me how I was doing in the back seat.”

“OK I’m really, really sorry. I messed up big time. I’ll really try hard to do better.”

“Oh stop it,” he snarls. “When you apologize like that you just cut me off. You don’t hear me.”

Suddenly something clicks in my brain. Time to try active listening, that is, reflecting back what the other person seems to be saying, to indicate you’re paying attention and empathizing with them.

“You must have been really miserable sitting there in the back of the car, mile after mile. And then when we hit all those red lights going down Lexington Avenue, that must have been torture.”

“Yes,” he says, “It was really terrible. I was in such pain.” Then he smiles. “Thanks for understanding. All I want is for you to listen. I’m sorry I put you through all that. I love you.”

“I love you too.”

I can’t resist drawing a political lesson. Against the advice of his staff and of Senate Republicans, President Trump mocked the woman who accused Judge Kavanaugh of sexual misconduct. But in so doing, he reflected the deep beliefs of his base. They roared back in support, sending the nomination through.

The occupant of the White House may be a liar, a crook, and a self-centered bigot. But his base remains loyal because he understands one thing supremely well: When people are unhappy or angry, they don’t want advice, or excuses, or promises, or apologies. All they want is for you to listen.

How the U.S. Military Protects and Enriches Multinational Speculators

ECONAMICI A land economist's view - Sat, 2018-09-29 09:32

At a 1972 economics conference, at the height of the Vietnam war, Mason Gaffney presented an invited paper blandly entitled “The Benefits of Military Spending.” The paper so shocked the conference organizer that he refused to include it in the conference volume. Gaffney couldn’t find another publisher willing to touch it. Now, only 46 years later, here’s that paper (draft version), updated by Cliff Cobb, and published in the American Journal of Economics and Sociology (March 2018). What so offended the economics establishment?

In dry economese laced with even drier humor, Gaffney laid out the fundamental land economics underlying U.S. military spending. The logic resembles that of urban sprawl: For a few bucks, John Bigshot buys Old MacDonald’s farm way out in the boonies. Then he visits his pals on the city council of Anytown. They in turn vote to incorporate MacDonald Luxury Estates into greater Anytown, which means the town improves the road, extends water and sewer, police and fire protection, and other benefits to the property. With little personal investment (maybe a suitcase of cash), Mr. Bigshot has acquired a multimillion dollar parcel at the expense of Anytown taxpayers.

In similar fashion, multinational corporations go to third world countries where they acquire concessions for a song—mineral rights, broadcast rights, bank licenses, timber rights, harbor and airport rights, rights of way, or large tracts of agricultural land. Often they have bribed the local ruler, or “cacique” as Gaffney calls him. When angry locals threaten to overthrow the cacique, the multinationals can call in the U.S. government to protect their sacred property rights. The United States may provide guns and aircraft to the cacique, or establish a military base, or finance infrastructure like dams and ports and highways. Alternatively, the United States can support an opponent who promises to uphold those concessions. A small initial overseas investment can yield decades of lucrative return flows to the multinationals.

Documenting dozens of such arrangements, including the original deals for oil in Saudi Arabia and Iran, Gaffney takes a sly poke at the conventional economic treatment of “defense” spending as a benign “public good” equally benefitting all citizens of the homeland. The real-life benefits go to a small wealthy international minority with no particular loyalty to the United States, while ordinary U.S. citizens pay—as consumers, taxpayers, and especially as soldiers.

When I first read an unpublished version of the paper in 1992, 20 years after Gaffney wrote it, I felt a jolt of recognition. I was a Foreign Service brat. My dad served as Economics Officer; what was he doing? Arranging deals for U.S. investors. Everywhere we were posted or traveled there were U.S. military bases. What were they doing? (We FS types looked down on the military, because they didn’t try to learn the local language or culture, and shopped only at the PX.)

I felt the same jolt years later reading John Perkins’ Confessions of an Economic Hit Man. Perkins’ employers sent him out to convince local third world rulers to undertake wildly overambitious, environmentally destructive infrastructure projects to be built by multinational engineering companies like Bechtel and Haliburton. These projects usually failed to deliver the promised economic benefits, leaving the locals in hock to U.S. and European banks and subject to U.S. control. The original excuse for U.S. intervention on behalf of such caciques was that they provided us with a bulwark against “Communism.” Today they provide us with a bulwark against “Terrorism,” but it’s the same pattern.

The United States has dominated this game since World War II, taking over from Great Britain. The Chinese are now bent on doing us one better with military bases in the China Sea, rail and road systems across Eurasia, seaports around the world, and vast soy plantations in Latin America, Southeast Asia, and Africa. It’s the same pattern.

Looking back to 1972, I think Gaffney’s analysis so shocked conventional economists precisely because his method was so conventional. No hint of Marxism. Just good old-fashioned marginal analysis applied deadpan to an array of undisputed historical facts. Even worse, Gaffney poked subtle fun at received economic wisdom. No way could such subversion see the light of print—until now.

(Originally published on Dollars and Sense, August 10, 2018)

Article on opportunity for Wales to adopt LVT

Earthsharing Canada Google Group - Fri, 2018-09-28 20:33
Adam Price has just been elected as Plaid Cymru leader in Wales. He is in favour of LVT/AGR and argues for it to replace Council Tax, Business Rates and to enable a 9p reduction in income tax across the board: https://www.bbc.co.uk/news/uk-wales-politics-45367710 He has been advised by an

The natural source...

Earthsharing Canada Google Group - Wed, 2018-09-19 01:08
[image: natural source....png]

HG in The Economist

Earthsharing Canada Google Group - Mon, 2018-09-17 21:24
In this week’s The Economist, a long article celebrates the newspaper’s 175th anniversary. In it, it says that liberals should focus on two serious problems. One of them is land; and they offer (on pp.48-49) a generous review of LVT and endorsement of Henry George himself. Their chart tracking

Mining royalties

Earthsharing Canada Google Group - Mon, 2018-09-17 20:02
While LVT is in retrograde around the world, mining royalties (partial rent capture) seem to be advancing (alas, not in Canada which still collects near zero). Interestingly, in Yukon, some First Nations have successfully negotiated for smelter royalties (which can't be hidden) rather than

new book on 2 of the best examples of rental value capture

Earthsharing Canada Google Group - Tue, 2018-09-04 22:06
http://www.ethicaleconomics.org.uk/2015/07/no-debt-high-growth-low-tax/ No Debt, High Growth, Low Tax 2015, Jul 27 | [image: NoDebtHighGrowthLowTax] < http://www.ethicaleconomics.org.uk/wp-content/uploads/2015/07/NoDebtHighGrowthLowTax.jpg> Paperback Price £ 14.95 - ISBN: 9780856835070

Swapping business rates with land value tax would aid Britain’s Brexit heartlands, research claims

Earthsharing Canada Google Group - Wed, 2018-08-29 20:05
In yesterday’s Sun, in the UK, a strong argument for LVT. Swapping business rates with land value tax would aid Britain’s Brexit heartlands, research claims < https://www.thesun.co.uk/news/7114129/calls-for-business-rates-swapped-land-value-tax/>
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