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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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Your Opinion, Please

All of us have a right to water, yes, but do we have a right to water delivery?

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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 …
the Great Green Tax Shift maxed out” Economically, taxing pollution and depletion does reduce pollutants and extracts – and thus the tax base; plus such taxes are regressive, requiring a safety net. On the other hand, collecting site rent is progressive and generates a revenue surplus payable as a dividend to residents, which can serve as the safety net. Environmentally, taxes on waste and extraction do not drive efficient use of land, as does getting site rent. Better settlement patterns do reduce extraction upstream and pollution downstream. Politically, green fees have less impact if applied locally; local is where grassroots movements have more impact. Yet getting rent usually entails shifting the property tax (or charging user fees), the province of local jurisdictions; both mayors and city voters have been known to adopt a site-value tax. Ethically, putting into practice “tax bads, not goods” skirts the issue of sharing Mother Earth which collecting rent confronts head on. Since nothing is fixed until it’s fixed right, ultimately, greens must lead humanity into geotopia where we all share the worth of Mother Earth.