What’s wrong with this picture? Destroy food to drive up its price. There’s got to be a better way. There is. Pay citizens a dividend from natural rents. This rent dividend will go further in the countryside where the cost of living is much lower. Farmers could take a break — and so could farmland.
Speculators buy homes not to lease them out but purely for capital gain and so don’t bother with having tenants before selling, driving up the number of empty properties. That’s one way to grab location value. A better way is to get a share of the all the land value in one’s region. Owners would get all the value of their buildings, but not their site. Ground rents would become our common wealth.
Cycling is so common in the Netherlands that you can be rebuked for asking people whether they are cyclists or not. “We aren’t cyclists,” comes the response, “we’re just Dutch.” Of course, cities there are compact and not comfy for cars. Make your city use land efficiently by recovering site rents. Then owners will put their land to good use, which makes cities compact and bike-friendly.
The Navy had to give away a spendy ship, they couldn’t even sell it for scrap. Why bother when the taxpayers pick up the tab? It’s another way government makes itself too expensive. Yet government should raise even more revenue, from society’s surplus, but pay it to citizens. If collecting surplus — our spending for land and resources — government need not tax our efforts. If paying dividends, it need spend revenue on wasteful programs.
Those needy getting crushed by the “philanthropic colonialism” that Buffett jr. decries are circulating his critique to combat the “solutions” that “venture philanthropists” are imposing upon them. The world does not need charity; it needs justice. More than anything people need to know what that looks like: geonomics — our efforts not taxed, our social surplus shared. And reforming taxes and subsidies wins it for us.
A newly discovered sub-cellular mechanism could help researchers understand the ageing process and lead to ways of slowing it down. Perhaps people will live long enough to see a world working right for everyone — especially after enduring an even longer lifetime of injustice. Maybe then they’ll get around to geonomizing society.
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.