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Wealth and Want
... because democracy alone is not enough to produce widely shared prosperity.
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Frank Chodorov
Dan Sullivan: Are you a Real Libertarian, or a ROYAL Libertarian?
The red, red herring
Royal libertarians are fond of confusing the classical liberal concept of common land ownership, particularly as espoused by land value tax advocate Henry George, with socialism. Yet socialists have always been contemptuous of George and of the distinction between land monopoly and capital monopolies. However, Frank Chodorov and Albert J. Nock (the original editors of The Freeman) were both advocates of George's economic remedies as well as lovers of individual liberty.

The only reformer abroad in the world in my time who interested me in the least was Henry George, because his project did not contemplate prescription, but, on the contrary, would reduce it to almost zero. He was the only one of the lot who believed in freedom, or (as far as I could see) had any approximation to an intelligent idea of what freedom is, and of the economic prerequisites to attaining it....One is immensely tickled to see how things are coming out nowadays with reference to his doctrine, for George was in fact the best friend the capitalist ever had. He built up the most complete and most impregnable defense of the rights of capital that was ever constructed, and if the capitalists of his day had had sense enough to dig in behind it, their successors would not now be squirming under the merciless exactions which collectivism is laying on them, and which George would have no scruples whatever about describing as sheer highwaymanry. —Albert J. Nock "Thoughts on Utopia"  ... Read the whole piece

 

Fred E. Foldvary — The Ultimate Tax Reform: Public Revenue from Land Rent

Frank Chodorov, a fervent individualist and founding editor of The Freeman, published by the Foundation for Economic Education and still a leading libertarian journal of ideas, became in 1937 director of the Henry George School of Social Science in New York City, serving until 1942. Like most followers of Henry George, Chodorov regarded a charge on land value as not a true tax, which arbitrarily extracts wealth, but a “payment for the use of a location, determined by the higgling and haggling of the market, and it makes no difference to the land user whether he pays rent to the city fathers or to a private owner.”26 Explaining the value of a location derives to a great extent from community services, rather than the efforts of the landowner as such, Chodorov noted “it would seem logical that this value—which we call land rent—should go to defray the expenses of these common services." ... read the whole document

 

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Wealth and Want
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... because democracy alone hasn't yet led to a society in which all can prosper