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Wealth and Want | |||||||
... because democracy alone is not enough to produce widely shared prosperity. | |||||||
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Pre-George Henry George is only the
most famous of those who have advocated these
ideas. He was certainly not the first.
Interestingly, he arrived at his ideas quite
independently. The process by which he got there
is described in Progress &
Poverty. H.G. Brown: Significant Paragraphs from Henry George's Progress & Poverty: 10. Effect of Remedy Upon Wealth Production (in the unabridged P&P: Part IX — Effects of the Remedy: Chapter 1 — Of the effect upon the production of wealth)
Jeff Smith: Sharing Natural Rents to Sustain Human Society
To get rich, or more likely to stay rich, some of
us can develop land, especially sprawling shopping
centers, and extract resources, especially oil. While
sprawl and oil depletion are not necessary, they are more
profitable than a car-free functionally integrated city.
Under the current rules of doing business, waste returns
more than efficiency. We let a few privatize rent --
ground rent and resource rent -- although rent is a
social surplus. As if rent were not profit enough,
winners of rent have also won further state favors -- tax
breaks, liability limits, subsidies, and a host of others
designed to impel growth (20 major ones follow
herein).
If we are to sustain our selves, our civilization, and our eco-system, we must make some hard choices about property. What we decide to do with rent, whether we let it reward our exploiting or our attaining eco-librium, matters. Imagine society waking up to the public nature of rent. Then it would collect and share its surplus that manifests as the market value of sites, resources, the spectrum, and government-granted privileges. Then we could forego taxing labor and capital. On such a level playing field, this freed market would favor efficiency - the compact city - not waste - the mall and automobile.
Proposals to share rent have surfaced before - in
antiquity by Moses in the West and Mencius
in the East. In the modern era, the idea appears in a
century cycle:
William Ogilvie: An Essay on the Right of Property in Land (1782) and D. C. MacDonald's Preface to that essay, found in the 1891 edition of Birthright in Land by George Morton |
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Wealth and Want
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www.wealthandwant.com
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... because democracy alone hasn't yet led to a society
in which all can prosper
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