Economic Rent

By Frank de Jong, 21 June, 2011

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.

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.

Economic Rent

Economic Rent can be described as unearned income, windfall profit, or as revenue without a corresponding cost of production. Rent exists because of the existence of the community, and should accrue to that community in the form of government revenue to pay for programs in lieu of taxes on incomes or consumption.

Economic Rent