For many, the Great Recession meant different pains. Increased unemployment. Smaller paychecks. Higher levels of insecurity. For some kids it meant: More episodes of maternal misbehavior. It’s another reason to flatten the business cycle. That calls for ending speculation in land. And that means taking land rent off the investors’ table and directing it into the public treasury then out again as services or dividends or both.
A lot of government should be shut down — the war machine, the bailout of Wall St — but the collection of society’s surplus should be increased, not to enrich the state but to fund a dividend to the citizenry.
Scottish Land and Estates said it did not object to the rest of the community buying them out, this after not buying the land but inheriting it and getting all its rent for all their lives. OTOH, the community could forget about ownership and just tax land or charge Land Dues. Then owners of too much would sell off their excess, as has happened elsewhere before.
An influential progressive site explores what could be good news for all of us.
A blogger who gets millions of views per year joins the growing chorus for tax sanity.
Is it safe to invest in real estate again? The very wealthy think so, and they may know more than the rest of us. But to know more than they, study the 18-yr land-price cycle. It shows what happened before and what will happen again.
The continued scale of the crisis — forgotten by a media more interested in rising home values than eviction notices — requires more than community rehab and tepid financial regulation. It demands that we question this system of property and reimagine a new kind of ownership, or, “trusterty”.
If you’re not buying votes, then the politicians selling votes have little to offer you, not until you get money out of politics. The elite would not have so much wealth and power to spend if they didn’t have the common wealth. They boss you with the bounty that belongs to all.
Chinese chose warmth now over living longer. But why must any society make such a choice? There are other heat sources, including simply insulating better. Developing nations follow the errors of the developed when they should raise the bar and follow what works right for everyone forever: geonomics.
The Post-Crash Economics Society said academic departments were ignoring the crisis and neglecting global developments and critics of markets. They mistakenly see markets as free and blame them for the work of lobbyists. It was only market economists focusing on land who did predict the recession.
Who owns land matters less than who gets its rent. The very idea of grabbing land to squeeze out its rent for oneself or one’s cronies is the fundamental flaw, that such behavior is considered business as usual. Instead, we must proclaim the worth of Earth is a common wealth for everyone to share.
Some guys own as much land as makes up a small US state, and America is not supposed to have an aristocracy? When they pay for land, do they (or anyone) pay the people whom they exclude? If they were to compensate society, then hoarding land would be fair, eh?
People got to live somewhere. If they’re not buying, they’re renting, so they’re always pushing up prices somewhere — until the cycle stops. How to stop the cycle? Recognize that housing costs are mainly the cost for the location, and that land value needs to become our common wealth.
New Mexico police are body searching drivers, taking them out of their cars, and remanding them to hospitals for intrusive inspection. Would it help to see us as compatriots, not sheeple?
Here a Yale-educated attorney that worked inside the World Bank for more than two decades, not not some “conspiracy theorist”. Of course, she could be wrong if she fails to see land, but regardless, it’s a tale worth paying attention to, to know the power of those who may oppose economic justice.