Coerced Foreign Tax Compliance Is Killing American Jobs
By Andrew Quinlan
Op/Ed | 11/20/2012
The economy is not recovering as it should. Unemployment remains high and post-recession growth has been tepid at best. As Americans look to their elected officials for solutions, lawmakers are spurning pro-growth policies and seeking instead to squeeze more revenue from an already beleaguered private sector.
more . . .
Jill Stein Meets Henry George
By Peter J Reilly
TAXES | 10/16/2012
Recently I interviewed Green Party Presidential candidate Jill Stein. My main source of questions was the Green Party Platform. She kept reminding me that the campaign was distinct from the platform, but went on the answer the questions regardless. Two of the provisions that I found rather intriguing were a wealth tax and land value taxation (also known as community ground rent).
US poverty rate unchanged; record numbers persist
WASHINGTON (AP) — The ranks of America’s poor remained stuck at record levels, although dwindling unemployment benefits and modest job gains helped stave off what experts had predicted would be the fourth rise in a row in the poverty rate.
Out-of-Touch Democrats Say Fewer Jobs, More Debt, Higher Taxes = “Better Off”
Democrats may think the American people are “absolutely” “better off” under their policies – but according to The Hill, “a majority of voters believe the country is worse off today” under President Obama. The unemployment rate has been higher than eight percent for 42 straight months – the longest stretch since the Great Depression. And if Democrats get their way, we’d get more of the same:
SIMON: TAX RELIEF GROWS JOBS
5 September 2012
The following is an excerpt from Assemblywoman Donna Simon’s letter to the editor in The Times of Trenton:
Middle-class tax cuts are key to improving the economy and creating private-sector jobs. Members of both parties agree, yet when Gov. Chris Christie reached across the aisle to support a tax plan crafted by Senate Democrats, some refused to work on tax relief.
I introduced legislation to pass this bipartisan tax plan this summer. However, cutting taxes for hard-working middle-class families and job-creating small businesses were not the priority for the Democrats who control the Legislature’s agenda.
This Labor Day, New Jersey’s lawmakers can actually do something for New Jersey’s hard-working families – especially those who need jobs. We can vote immediately to achieve tax relief and take advantage of an opportunity to grow our economy and create jobs.
more. . .The Times of Trenton:
Will Warren Buffett Be Endorsing Jill Stein For President?
TAXES | 9/03/2012, Peter J Reilly
… Enact a system of Community Ground Rent/Land Value Taxation that distinguishes between the socially and privately created wealth of land, by increasing the taxes on the former to retain for society the value that it collectively creates and lowers them on the latter to reward individuals for their initiative and work. [Talk about a blast from the past. This is Henry George’s single tax from Progress and Poverty published in 1879.] …
HENRY GEORGE ON AUSTRALIA
The Brisbane Courier Thursday 26 February 1891 Australia
New Orleans levees a product of politics, not pragmatism
By Rob Ross
It seems that neither hell nor high water can turn the Army Corps of Engineers from their strategy of overcoming nature with man-made barriers. John Schwartz reported in the New York Times two weeks ago that the Corps has completed a $14.5 billion civil works project designed to protect the city of New Orleans from coastal flooding.
more . . .
FaceBook LVT Group
This group is for people who want to discuss and learn more about land value taxation.
The Most Sensible Tax of All
July 4, 2012, By YORAM BAUMAN and SHI-LING HSU
ON Sunday, the best climate policy in the world got even better: British Columbia’s carbon tax — a tax on the carbon content of all fossil fuels burned in the province — increased from $25 to $30 per metric ton of carbon dioxide, making it more expensive to pollute.
New York Times Opinion Pages
Over 90,000 Empty Houses Amidst Housing Crisis
20 June 2012
There are 90,700 vacant houses in Melbourne – 5.9 per cent of the total – according to Earthsharing Australia’s 5th annual Speculative Vacancies Report.
“Our lazy land use makes a mockery of the drive for affordable housing,” researcher Philip Soos said today.
Vacancy hotspots include: Docklands 14.1%, Williams Landing 13.5% and Truganina 12.9% where construction has clearly outstripped demand; and a wide swathe of western suburbs with vacancies around 10%. more …
From Henry Georges newspaper the Standard
Volume 1 May 14, 1887
The Gamut of Theft
Taking $1,000,000 is called Genius
Taking $100,000 is called Shortage
Taking $50,000 is called Litigation
Taking $25,000 is called Insolvency
Taking $10,000 is called Irregularity
Taking $5,000 is called Corruption
Taking $500 is called Embezzlement
Taking $100 is called Dishonesty
Taking $50 is called Stealing
Taking $25 is called Total depravity
Taking one ham is called War on society
What is Georgism? Followed by a Refutation. PART I
June 12th, 2012 by Wendy McElroy
Anyone familiar with the Individualist tradition in America has encountered the Single Tax movement. It is sometimes called Georgism after its formulator and foremost advocate Henry George (1839-1897). Georgism links the poverty and injustice of society to the usurpation of land and advocates the imposition of a single tax on land (“economic rent”) as a solution.
The Rise of Tent Cities in the United States
Tuesday, May 22, 2012 – 2:00 p.m. – 3:30 p.m. EDT
On Tuesday, May 22, the National Law Center on Homelessness & Poverty will be hosting a free webinar previewing its upcoming report, “Welcome Home: The Rise of Tent Cities in the United States.”
Inequality: It’s Even Worse Than We Thought
“Let me tell you about my favorite economist, an indulgence I allow myself every couple of decades. (The last time was 1989, pre-hyperlink, unfortunately.) He was an American named Henry George, who died in 1897 at the age of 58. If you took economics in college, there might have been one sentence about him in your textbook. He once ran for mayor of New York. (Fancy that. He lost.)”
“Henry George and the Carbon Tax”: A Quick Response to Noah Smith
June 5th, 2012 by Miles Kimball
To the extent that oil or coal in the ground is in inelastic supply, increasing taxes on oil and coal in many countries around the world at the same time is somewhat like Henry George’s land tax that came up in the conversation when Clive Crook told Michael Kinsley about this blog, as reported in Clive Crook’s post “Supply-Side Liberals.”
The One Percent Speaks
by Michael Kinsley on MAY 10, 2012
The people at the New York Times Magazine must think that nobody has ever read Ayn Rand, or maybe even Adam Smith.
“The New York Times story, by Adam Davidson, concedes that many large fortunes are nothing more than what economists call “monopoly rents” such as the value of broadcast licenses given away free by the government, or ownership of land (“they’re not making any more of it,” as they say) in places where rising population makes it more valuable.”
more . . . “The One Percent Speaks”
The Atlantic MAY 31 2012,
I followed the link from Greg Mankiw to a new blog by University of Michigan professor Miles Kimball. It looks promising: The first few posts are really good, I think. But what struck me is the blog’s title: Supply-Side Liberal. I love that. By CLIVE CROOK – Clive Crook is a senior editor of The Atlantic and a columnist for Bloomberg View.“What I like best about Henry George is way he combines radical egalitarianism with an equally radical belief in free-market capitalism.”
New on YouTube Progress and Poverty: Chapter 23: The Persistence of Poverty Despite Increasing Wealth
How to End Poverty
Land Value Taxation and the Built Environment
Published on May 22, 2012
The main benefits of LVT (revenue-neutral municipal tax sifting off buildings onto the land below the buildings) are:
1. LVT doesn’t punish businesses, landlords or home owners for fixing up, expanding, renovating, or re-purposing their buildings;
2. LVT encourages land owners to put vacant and underused land to more productive use or sell it to someone who will. This reduces downtown blight by freeing up existing urban-zoned land to productive use, (which also reduces greenfield sprawl pressure);
3. LVT makes municipally-built infrastructure self-financing by capturing more of the land value rise resulting from new infrastructure.
4. LVT increases accuracy and reduces cost of property assessment, since assessing buildings is complex, expensive and inexact.
5. LVT is farmer-friendly since it discourages value-added and pre- and post-harvest facilities on farms.
6. LVT encourages construction of affordable housing, since multi-unit construction, which is generally land-efficient, will receive tax relief.
7. LVT raises the carrying cost of holding land which lowers the upfont cost of land, reducing the size of mortgages and corresponding interest payments. Instead of payments to banks, payments go to government in lieu of other taxes making land more affordable.
8. LVT is nature-friendly as it raises the cost of holding land. This will encourage land owners to return land back to nature if they hold more than they have a use for.
LVT should be phased in over a number of years. If a senior or fixed income person is adversely affected by LVT, the municipality may defer their municipal fees till time of sale.
Left Forum March 2012
To watch the video full screen click the enlarge button once it’s started playing.
The panel left to right
Dave Kelley: Economic Adviser to Representative Dennis Kucinich
Dr. Michael Hudson: Noted Economist and Author, Super Imperialism (2003)
Andrew Mazzone: Teacher and Board Member of the Henry George
Chair:, Dr. Cay Hehner: Board Member Robert Schalkenbach Foundation
Monopoly, the Land Bubble and the Financial Crisis. Tactics to Fight the 1% March 16-17-18
Panel Proposal Information, Abstract: Toxic Mortgages, Ultra-leveraged derivatives, CDOs, SIVs, Liar Loans – these are just a few of the ways in which the 1% siphons money from the 99%, with the help of sycophant legislators, regulators, and other groups that are supposed to protect consumers and keep things fair. Tax policies now favor speculation over working.
Panel Topics: Economics, Political Economy And The Current Crisis, U.S. Politics
Chair: Cay Hehner
Speakers: Michael Hudson , Andrew Mazzone
Tax Debate: Most People Miss the Point
April 19, 2012 By David Merkel
From: valuewalk.com Financial News with emphasis on Value Investing, Hedge Funds and Asset Managers
“Even a Henry George style single-tax would seem preferable to trying to impute income to people as a result of asset fluctuations.”
How Land Value Tax would help Wildlife and ensure Its protection.
The film is presented by Fred Harrison.
THE KILLING FIELDS
The untold story of how landowners are making a financial killing while species are being wiped out in the fields of Britain and Europe and the work of wildlife conservationists is being undermined in a desperate race to prevent the obliteration of ecosystems. Trailer from Carlo Nero on Vimeo.
Short debate: A Land Value Tax for Wales?
‘Land value tax’ would be fairer, says Mark Drakeford AM
by David Williamson, Wales Online Feb 3 2012
Welsh Labour AM Mark Drakeford has given his backing to a “land value tax”.
The Cardiff West AM’s championing of the tax comes as the Silk Commission investigates giving the Assembly new fiscal powers.
In an article for the Institute of Welsh Affairs, Mr Drakeford argues land should “should belong to the people” and this would be a progressive tax
IFS (Institute for Fiscal Studies) backs land value tax
Thursday 2 February 2012 The idea is to cut income and business taxes while introducing a land value tax to end our obsession with property and to encourage paid work. There is a mania for investing in unproductive property as a way to boost living standards.
Tax England’s green and pleasant land
THE FINANCIAL TIMES
February 23, 2012 7:06 pm
By Samuel Brittan
“Roads are made, streets are made . . electric light turns night into day. . . To not one of those improvements does the land monopolist. . . contribute, and yet by every one of them the value of his land is enhanced. . . ” more
Henry George is Kaput
BY CHRISTOPHER BRIEM, ON MARCH 22ND, 2012
So if you read the latest on property assessments in the PG today : 10 percent appealing assessments, there was an interesting obituary for Henry George there between the lines.
There was this quote reported direct from Judge Wettick:
Separate land values were “really confusing people” and many appeared to “make no sense,” Judge Wettick told Mr. Graham.
” more . . .
Congressional earmarks sometimes used to fund projects near lawmakers’ properties
By David S. Fallis, Scott Higham and Kimberly Kindy, Published: February 6
A U.S. senator from Alabama directed more than $100 million in federal earmarks to renovate downtown Tuscaloosa near his own commercial office building.
China’s skyscraper craze ‘may herald economic crash’
Guardian UK Wednesday 11 January 2012 Tall-building boom may indicate impending disaster in China and India, claims report by Barclays Capital
“Fred Harrison, a Georgist and research director of the Land Research Trust, wrote in his 1997 book The Chaos Makers that “by 2007 Britain and most of the other industrially advanced economies will be in the throes of frenzied activity in the land market … Land prices will be near their 18-year peak … on the verge of the collapse that will presage the global depression of 2010.”
The Killing Fields Screenings
The documentary film written and presented by Fred Harrison – The Killing Fields, which exposes how the tax system is responsible for destroying habitats and species – is to receive two high-profile screenings:
– On 9th February at Oxford University UK. There will be a discussion regarding reforms to taxation to eliminate poverty, environmental damage and social injustice.
– On May 6th:screened at the Brighton Festival UK. A panel discussion involving participants in the film – conservationist Peter Smith, landowner/farmer Dr Duncan Pickard, and eco-warrior lawyer Polly Higgins – will be chaired by Sir Richard Jolly.
The video was directed by Carlo Nero. Hosting these events will be Academy Award winning actress
Vanessa Redgrave, who is this year’s Guest Director of the Brighton Festival. The DVD can be purchased from the Robert Schalkenbach Foundation.
Statue of Liberty poet Lazarus
Reuters U.S. Wednesday 11 January 2012 A New York exhibit sheds new light on the life of Emma Lazarus, whose sonnet on the pedestal of the Statue of Liberty transformed the monument into a symbol of hope for millions of immigrants. “She honed her social conscience and was impressed by the social reformer Henry George as well as William Morris, a major reformer of the arts.”
Forget 9-9-9. Here’s a Simple Plan:
1 October 16th 2011
Jill Lepore is a professor of history at Harvard and the author of “The Whites of Their Eyes: The Tea Party’s Revolution and the Battle over American History.” Cambridge, Mass. In the Republican debate on Tuesday, the restaurant industry executive… FULL ARTICLE AT THE NEW YORK TIMES
Time to resurrect an old idea: “Economic Rent”
By Dustin, On October 24th, 2011
Have you ever heard of the term “economic rent”? No? That’s probably because of the greatest political coup in the history of our republic.
In a world without land, economic rent no longer makes sense. Some would argue(e.g. Gaffney’s Neo-classical Economics as a Stratagem against Henry George – pdf) that this was intentional.
The Renegade Ecologist:
Views from a Georgist Ecologist
Land Value Tax, which is in my opinion the Holy Grail of legislative changes to protect wildlife, is the simplest expression of the Economic theories of Henry George. This theory goes that if we abolish all harmful taxes on our hard work and trade and instead charge a rent for the use of natural resources such as Land we will not waste them or allow private interests to exploit the rest of humanities access to them.