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Real Estate 4 Ransom

This Australian documentary, that has won praise from professionals in the field, highlights how real estate distorts the rest of the economy.

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Are jobs the only way to create income? Would you reject a social salary?


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Photo of the Day
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Interactive Indicators
Numbers Crunched: Business cycle, Public debt, Build your own tax policy, Calculate your Citizens' Dividend, etc.
A soon to be classic
Book cover SLREB
A must read. Perhaps the best book on economic history we've read. Check it out.
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Arts & Letters
Geonomics is …
an answer to a rarely asked question. If price is a reward for production, why do we pay for land, never produced by any of us? What is land price a reward for? Good behavior? How much money do we spend on the nature we use? Who gets it? What do they do with it? (If you answer all these correctly, you’re not a genius but a geoist.) The worth of Earth is enough that were we to collect and share it, we could abolish taxes on the goods we do produce. For example, San Francisco’s Redefining Progress has calculated that Cali-fornia could abolish all state and local taxes were it to collect the values of resources and of using na-ture as a dump. By exorcising the profit motive from depletion and pollution, rent collection could replace bossy regulation. Economies could self-regulate, as the rest of the eco-system does. See how big problems yield to big answers when we ask the right questions?