Oh by the way, folks, My more serious diary: |
Today we celebrate the birthday of Henry George, born in 1839. He was an economic philosopher, one of the most prominent of those who realized that land (in the sense of the location component of property values) has its value created by the cumulative action of the surrounding public, not by the owner, therefore he proposed that land value oughta be taken as tax. Now if you believe as I do, that you oughta get paid for what you produce and pay for what you consume, you'll realize the inherent fairness of his proposal. Land is a factor in the production of wealth, the value of land is created by the public, not the owner, therefore land ownership is an act of consumption and not an act of production, therefore the landowner oughta pay for the privilege of ownership, not get paid for it. Local real estate taxes generally have the location component and the buildings component computed separately and then added together, so the mechanism to collect such a tax already exists. All we've gotta do is increase the location component tax and eliminate the buildings component tax. So we'd get by with decreased, not increased, bureaucracy. Anyhow, nothing happened yesterday. It looks like nothing's gonna happen today until late afternoon when our church is gonna host another Maryland Food Bank Event, in which we give away free food to poor folks whose poverty is caused by the hopelessly unbalanced economy that Henry George's philosophy directly addresses. Happy Tuesday! OrneryPest |
Signs of life Pam's House Blend
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