Henry George was an American economist, social philosopher and reformer of the late 1800s. He is known chiefly for analyzing and promoting a single tax on land value, thus eliminating all other taxes. With no tax on trade, and no … Read the rest
About Fred Foldvary
This author has yet to write their bio.Meanwhile lets just say that we are proud Fred Foldvary contributed a whooping 20 entries.
Entries by Fred Foldvary
I wrote the below article five years ago. Though time has passed, the issue of minimum wage continues to impact our political landscape, our economic landscape and our social landscape.
Minimum wage laws have a superficial appeal, but … Read the rest
The Israeli-Palestinian conflict is about land, and the only just and lasting solution is an equal ownership of the land. This cannot be an equal possession of land, but the benefit of land is fungible, i.e. divisible. That benefit can … Read the rest
The solution to the problem of police misconduct requires a radical restructuring, not just of the police, but also of the political and economic infrastructure that propagates social problems. The current social structure is that a mass of people, swayed … Read the rest
Why can’t the economy have steady growth and prosperity instead of cyclically falling into recessions and depressions? We can have sustainable growth if we eliminate the cause of the bust. There is one fundamental, though mostly unrecognized, cause of the … Read the rest
The 2020 economic collapse was not due only to the Covid-19 disease, but more to the policy response to the virus. The optimal policy would have been to compensate all persons who suffered a loss. Then the economic losses from … Read the rest
A wealth tax is an example of a policy that has a superficial appeal that dissolves when closely examined or when put into practice. Wealth is anything with a positive market value. Net wealth is wealth minus liabilities. Gross wealth … Read the rest
How can a tax help rather than hinder an economic recovery? Believe it or not, a tax on land value would best stimulate economic recovery. A land value tax, like today’s property taxes, is based on the value of land … Read the rest