Seems like the Americans have been sleeping for a long time.. Here we tend to not elect anyone for government from the elite, mostly middle class. In that way we make sure they run the country in a way that benefit most people, not just a few on the top.. And lobbying is seen as corruption, so it's illegal. (Norway)
More directly than Professor Stiglitz has stated, changing the way government raises its revenue will simultaneously address income and wealth inequality as well as bring us closer to a full employment society. The fundamental change needed is to begin to publicly collect the full potential of the rent of land and land-like assets (e.g., the broadcast spectrum and take-off and landing slots at airports), while lifting the burden of taxation from income earned producing goods and providing services. In the United States, the move to a land-only property tax base is the current responsibility of thousands of towns, cities, boroughs, counties and school districts. The local property tax on property improvements (i.e., on buildings) is exactly the wrong way to stimulate investment in capital goods. Taxing jurisdictions would do well to move as quickly as possible to exempt property improvements from the local tax base, relying on the assessed value (for now) of land only. Economic theory tells us that as the effective rate of taxation on land rent increases the selling price (not the rental value) of land parcels and tracts of land will fall, eventually to very low levels. At the state and federal levels of taxation, the tax on individual incomes should be restructured as well. To reward work, exempt all individual incomes up to the state median (for state income taxes) and the national median (for federal income taxes). Eliminate all other exemptions and deductions to achieve tax simplification. Then, to capture a high level of "rent-derived" (i.e., unearned) income, impose an increasing rate of taxation on higher ranges of income.
To create jobs consitantly without letting people go or forcing them out. For large businesses this mahybe practical, but very small businesses not so much. Also many hire over seas like Nike did with child labor. Human trafficking and child labor seems to make big money legal or not. I do not expect much out of the powerful but to abuse it in some way mostly. Corruption is easier than actually working for something good. The "science of greed" I think can explain a bit on that. Machines are cheaper than people too as resources it seems at times. Also if one hired a theif stealing or trouble maker making trouble. I do not expect things to be better much in prediction especially near the year 2050. That is a little ways off though. How about next year then.
Seems like the Americans have been sleeping for a long time.. Here we tend to not elect anyone for government from the elite, mostly middle class. In that way we make sure they run the country in a way that benefit most people, not just a few on the top.. And lobbying is seen as corruption, so it's illegal. (Norway)
You mean our Congressmen and Senators are supposed to be able to read?
More directly than Professor Stiglitz has stated, changing the way government raises its revenue will simultaneously address income and wealth inequality as well as bring us closer to a full employment society.
The fundamental change needed is to begin to publicly collect the full potential of the rent of land and land-like assets (e.g., the broadcast spectrum and take-off and landing slots at airports), while lifting the burden of taxation from income earned producing goods and providing services. In the United States, the move to a land-only property tax base is the current responsibility of thousands of towns, cities, boroughs, counties and school districts. The local property tax on property improvements (i.e., on buildings) is exactly the wrong way to stimulate investment in capital goods. Taxing jurisdictions would do well to move as quickly as possible to exempt property improvements from the local tax base, relying on the assessed value (for now) of land only. Economic theory tells us that as the effective rate of taxation on land rent increases the selling price (not the rental value) of land parcels and tracts of land will fall, eventually to very low levels.
At the state and federal levels of taxation, the tax on individual incomes should be restructured as well. To reward work, exempt all individual incomes up to the state median (for state income taxes) and the national median (for federal income taxes). Eliminate all other exemptions and deductions to achieve tax simplification. Then, to capture a high level of "rent-derived" (i.e., unearned) income, impose an increasing rate of taxation on higher ranges of income.
I was hoping for a full on call for the single tax. Stiglitz is an LVT fan after all...
*****
Yeah, believers in LVT have had a hard time staying optimistic.
small business owners are at the top ,and the not millionaires
To create jobs consitantly without letting people go or forcing them out. For large businesses this mahybe practical, but very small businesses not so much. Also many hire over seas like Nike did with child labor.
Human trafficking and child labor seems to make big money legal or not.
I do not expect much out of the powerful but to abuse it in some way mostly. Corruption is easier than actually working for something good. The "science of greed" I think can explain a bit on that.
Machines are cheaper than people too as resources it seems at times.
Also if one hired a theif stealing or trouble maker making trouble.
I do not expect things to be better much in prediction especially near the year 2050. That is a little ways off though. How about next year then.
We need global laws. (But then the rightwing nuts start yelling Agenda21 Conspiracy...)
***** That and any other conspiratist.
There are some laws in general like not stealing and not to murder, but justice is dealt differently if at all.