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Wealth and Want | |||||||
... because democracy alone is not enough to produce widely shared prosperity. | |||||||
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http://www.progress.org/cg/jsjs.htm Jeff Smith's remarks at Who Owns America? II Jeff Smith, Portland, OR, was one of the presenters on a panel on Property Rights on June 4, 1998, in Madison, WI. The Who Owns America? II event was cohosted by North American Program, Land Tenure Center, University of Wisconsin-Madison and Lincoln Institute of Land Policy, Cambridge, Mass. University of Wisconsin-Madison Professor Jane Larson moderated the panel, on which Ben Brown of the John Marshall Law School and Kenneth Barden of Dayton, OH also made presentations. If society decided to share among its members all the annual value of society's sites and resources and air space, what would happen?If someone buys a ticket to Super Bowl and decides not to go and sells it for more than its face value, he could face the wrath of the law. If he bought a super location and sold it for more than he paid for it, he could become a pillar of society. Temporary ownership for profiteering is illegal; but if permanent ownership, it is legal. If only we had a single standard, I think society would change for better. It doesn't matter who owns what. What matters is who gets the rent. We have millions of acres of forest we Americans own together, and we are losing rent on it. The word property cannot convey the distinction between rent and land. Ralph Borsodi came up with an alternative, a trust that would claim publicly and occupy privately and use sparingly and compensate neighborly. Share the rent with neighbors. A word for that is geonomics, earth-focused economics. It hones in on all this flow of rent that is so overlooked. Shift the focus to sharing; then owning of land loses importance and belonging to earth regains its importance. It is a different identity for human beings as parts of the economic system. The amount of rent has to total some amount. If you ask how much taxes are, you get a figure, or how much wages or interest are, you could get a figure. No one does a good job of keeping track of how much we spend or how much nature we use. In some of the best estimates, Ronald Banks in England estimates that the flow of rent is as great if not more than any of those other flows. Assuming that is true, if not allowed to collect in the wrong pockets, but redirected to everybody's pockets, we can expect a solution. How would you do it?
We subsidize water and make water cheap for farmers in Arizona to irrigate their land, and we then have taxes to pay for environmental absurdities. Shift to fees and dividends and have prices precise and use the weight of the market to guide our choices toward sustainability. If we had this price leveling, we could get the market to work right. There are four reasons this could be fair. In history three times when land tax was applied on increased value, it also increased land ownership, and tenure was extended.
In the past, land owners owed services
to king, but in
this age of equality then we owe our neighbors. We have an equal
right to the earth. Now the public is paying for private parties. That is not fair. Look at the economy. Take taxes off homes, and they become more affordable. Have some kind of land charge, and housing stock increases as sites get developed. Affordable housing helps stabilize neighborhoods. In places that do have the land tax, i.e., Australia and New Zealand, they have fewer disputes with assessment. Assessors say their job is so much easier now. If land is less profitable and less of a political football, it is less tense in local politics.
The main indicator of economic health is called the GDP. A good measure would be leisure, the amount of time off from labor to maintain a comfortable standard of living. If we shift, it would shrink the work week, and help get rid of rush hour traffic. The green tax would reduce the role of economics in politics. |
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Wealth
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... because democracy
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