The economic solution - ONLY ONE PRIME TAX - GEOISM
The version of Capitalism we use is clearly flawed being prone to boom and bust with most of the wealth trickling up to a few percent at the top. The best economic system is [B][I]Geonomics[/I][/B]. A brief explanation...
[B]Firstly these must be understood:[/B][LIST][*][B]The three products of production (note: land is different to the other two):[/B][/LIST][INDENT][LIST=a][*][B]LAND[/B] (Can't be made - in finite in supply)[*][B]LABOUR[/B] (in much supply)[*][B]CAPITAL[/B] (what men make. Can be made and more of if needed)[/LIST]The combination of Labour + Capital means wealth soaks into the land forming as land values - that is what Geonomics reclaims. Geonomics reclaims all forms of economic rent from all sources.
[/INDENT][LIST][*][B]Economic rent[/B]. This when there is no enterprise or costs of production. In short someone else created that wealth and invariably it will be the community. Those appropriate economic rent legally steal.[/LIST]Income tax is a tax on your earnings - your work. It penalises your productivity. It is a destructive tax referred to as a bad tax.
[B]Genomics reclaims [U]commonly created wealth[/U] to pay for [U]common services[/U], leaving private wealth in private pockets, eliminating income and sales taxes.[/B]
Full Geoism is:[LIST][*]Reclaiming "economic rent" from all sources - most will be in the form of the increment in land values.[*]No income or sales tax only reclaiming the commonly created [U]values[/U] of all land not the buildings[*]Pigovian taxes on alcohol, tobacco, etc.[*]Fees for resource extraction and use of the electromagnetic spectrum.[/LIST]Geonomics is highly capitalistic based on the free market - with no boom and busts so vitally stable. Geonomics halts the destructive land cycle which has an 18 years cycle. The business cycle follows the land cycle. The values of land are taxed, or more accurately [U]reclaimed[/U], because land has the unique quality to absorb the economic activity of a community.
What the left hate about the capitalist system with justification is:[LIST=1][*]The boom and busts.[*]It needs excessive control.[*]The wealth ends up in the hands of a few percent of people.[*]A layer of grinding poverty is created, which is out of proportion to the collective wealth of the nation.[*]It creates economic parasites.[/LIST]Geonomics eliminates all the five points above. Geonomics is self controlling to a large degree and spreads wealth around more evenly. It vastly reduces the destructive trickle down effect (which is more trickle up) promoting economic production and growth, using commonly created wealth to pay for common services. The productive are rewarded. The economic parasites are eliminated.
[B]Firstly these must be understood:[/B][LIST][*][B]The three products of production (note: land is different to the other two):[/B][/LIST][INDENT][LIST=a][*][B]LAND[/B] (Can't be made - in finite in supply)[*][B]LABOUR[/B] (in much supply)[*][B]CAPITAL[/B] (what men make. Can be made and more of if needed)[/LIST]The combination of Labour + Capital means wealth soaks into the land forming as land values - that is what Geonomics reclaims. Geonomics reclaims all forms of economic rent from all sources.
[/INDENT][LIST][*][B]Economic rent[/B]. This when there is no enterprise or costs of production. In short someone else created that wealth and invariably it will be the community. Those appropriate economic rent legally steal.[/LIST]Income tax is a tax on your earnings - your work. It penalises your productivity. It is a destructive tax referred to as a bad tax.
[B]Genomics reclaims [U]commonly created wealth[/U] to pay for [U]common services[/U], leaving private wealth in private pockets, eliminating income and sales taxes.[/B]
Full Geoism is:[LIST][*]Reclaiming "economic rent" from all sources - most will be in the form of the increment in land values.[*]No income or sales tax only reclaiming the commonly created [U]values[/U] of all land not the buildings[*]Pigovian taxes on alcohol, tobacco, etc.[*]Fees for resource extraction and use of the electromagnetic spectrum.[/LIST]Geonomics is highly capitalistic based on the free market - with no boom and busts so vitally stable. Geonomics halts the destructive land cycle which has an 18 years cycle. The business cycle follows the land cycle. The values of land are taxed, or more accurately [U]reclaimed[/U], because land has the unique quality to absorb the economic activity of a community.
What the left hate about the capitalist system with justification is:[LIST=1][*]The boom and busts.[*]It needs excessive control.[*]The wealth ends up in the hands of a few percent of people.[*]A layer of grinding poverty is created, which is out of proportion to the collective wealth of the nation.[*]It creates economic parasites.[/LIST]Geonomics eliminates all the five points above. Geonomics is self controlling to a large degree and spreads wealth around more evenly. It vastly reduces the destructive trickle down effect (which is more trickle up) promoting economic production and growth, using commonly created wealth to pay for common services. The productive are rewarded. The economic parasites are eliminated.
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