The Cabs Are Not Alright
|October 17, 2012||Posted by Jeffery J. Smith under The Geonomist Blog|
Some see markets functioning fine without monopolies and regulators, some see government calling the shots working well. Regardless of who’s right in general and who’s right in particular cases such as taxis, there’s a more basic issue, which is: when government grants any privilege — even and including a deed to a parcel of land — how much should the lucky recipient of the privilege pay?
When those who get the taxi medallions and the land titles must pay the full annual rental value of their monopoly (on cab service or on a location), then they can no longer afford to exclude others, and they leave some “fares” and some land for others. Less monopoly of ridership or locations means more competition and lower prices for buyers, and more revenue for government. Then government could lose its counterproductive taxes, eventually run a surplus, and pay the citizenry a dividend.
But first a critical mass must understand that the values of nature and privilege are common wealth, values that belong to us all, to be shared fairly and efficiently. In a just economy, who knows how much transportation would be needed if cities became compact and car-free? The power of justice is unlimited.
To learn more about natural values and geonomics, there’s a webinar you could sign up for, “Sustainable Economics for the 21st Century”. Co-Hosts are Alanna Hartzok and Wendell Fitzgerald. Nov 4th focuses on Economics of War and Peace – Land and resource wars; financial domination; US foreign policy; ecocide; shifting from “full spectrum dominance” to full spectrum sharing; the money question; religious conflicts; resource rent for public revenue; geo-confederation for conflict zones; earth rights democracy. To register