1
2
3
| Wealth and Want | |||||||
| ... because democracy alone is not enough to produce widely shared prosperity. | |||||||
| Home | Essential Documents | Themes | All Documents | Authors | Glossary | Links | Contact Us |
Overallocating Mason Gaffney: Cannan's Law There
is a federal interest in
better tax assessment of land, to
keep buyers of used buildings from overallocating their tax "basis"
to depreciable buildings, thus arranging falsely to depreciate land,
and erode federal revenues. Something like a national board of
equalization is called for. The U.S. Census of Governments, with the
pioneering work of Allen Manvel and political support from Illinois
Senator and Economics Professor Paul Douglas, established the
precedent. While we're at it, let us outlaw the sequential
depreciation of the same building by successive owners, an obvious
outrage.
The result of such measures would be to restore the concepts of dignity of labor, and the key role of income-creating investing (as opposed to acquiring existing wealth and rent-seeking). ... read the whole article |
|
to
email this page to a friend: right click, choose "send"
|
||||||
Wealth
and Want
|
www.wealthandwant.com
|
|||||
... because democracy
alone hasn't yet led to a society in which all can
prosper
|
||||||