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Brian Chance
Joined: 09 Nov 2008 Posts: 115 Location: Croydon Surrey U.K.
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Posted: Thu Jul 09, 2015 12:46 pm Post subject: |
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Collection of the annual value of the land, the rental value, for public purposes, including the cost of protection, would secure equality in the sharing of God's gifts to mankind. It is the present day equivalent of the Jubilee required by the Torah |
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Simon McKenna
Joined: 09 Jul 2012 Posts: 80 Location: Canterbury, Kent, UK
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Posted: Fri Aug 07, 2015 10:28 am Post subject: |
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Public collection of the annual value of the land does work in a theological way, indeed - redistributing wealth to all who benefit from God's creation, being as it were that are all just guests on earth. Jubilee also means the cancellation of all debts, which is something we desperately need in contemporary society, but is not necessarily implied by a land levy or tax. On the other hand, A Jubilee, like a land value tax, gives priority to human life over written contracts and economic bondage. It shows again that a land value tax, alone, will not be a sufficient reform.
Last edited by Simon McKenna on Fri Aug 07, 2015 6:59 pm; edited 4 times in total |
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Simon McKenna
Joined: 09 Jul 2012 Posts: 80 Location: Canterbury, Kent, UK
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Brian Chance
Joined: 09 Nov 2008 Posts: 115 Location: Croydon Surrey U.K.
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Posted: Sun Aug 09, 2015 9:19 pm Post subject: |
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Simon
You are right to point out that a Jubilee also involves the forgiveness of debts. My previous comment was too brief. I agree that the cancellation of debts, particularly debts incurred for the purchase of land, is needed. Both the forgiveness of debt and the return of the land are dealt with by the provisions of Leviticus.
I meant to say that economic freedom can be made secure only by the collection of an annual levy on land. Cancellation of debts would not itself bring freedom because without the levy debt would build up again.
The primary cause of excessive debt is the private appropriation of the rent of land. Can somebody tell Jeremy Corbyn?
Brian |
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Simon McKenna
Joined: 09 Jul 2012 Posts: 80 Location: Canterbury, Kent, UK
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Posted: Tue Aug 11, 2015 6:59 pm Post subject: |
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Dear Brian,
You are absolutely correct. Forgiveness of debts is useless without addressing the key fact that unearned economic advantage will always be perpetuated by the private monopoly of nature's natural resources, primarily private land ownership.
What I find particularly interesting what the call for justice in the Torah and for George share in common: that human dignity takes primacy over contractual arrangements that exploit natural human requirements, (such as the need for capital or for a place to live).
Contrast this to the views expressed in the link below, where human dignity is disregarded in the name 'necessity' (in this case, for a place to live):
http://www.adamsmith.org/blog/planning-transport/britain-needs-more-slums/
Simon
Last edited by Simon McKenna on Wed Aug 12, 2015 5:13 pm; edited 3 times in total |
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Simon McKenna
Joined: 09 Jul 2012 Posts: 80 Location: Canterbury, Kent, UK
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Simon McKenna
Joined: 09 Jul 2012 Posts: 80 Location: Canterbury, Kent, UK
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Simon McKenna
Joined: 09 Jul 2012 Posts: 80 Location: Canterbury, Kent, UK
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Simon McKenna
Joined: 09 Jul 2012 Posts: 80 Location: Canterbury, Kent, UK
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Simon McKenna
Joined: 09 Jul 2012 Posts: 80 Location: Canterbury, Kent, UK
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Simon McKenna
Joined: 09 Jul 2012 Posts: 80 Location: Canterbury, Kent, UK
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Simon McKenna
Joined: 09 Jul 2012 Posts: 80 Location: Canterbury, Kent, UK
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Simon McKenna
Joined: 09 Jul 2012 Posts: 80 Location: Canterbury, Kent, UK
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Posted: Tue Feb 23, 2016 8:54 pm Post subject: |
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New report by Tom Copley (London Assembly) proposing LVT for London. The link is for the press release, full report is not too lengthy and quite interesting and easy to read (link towards end of press release). https://www.london.gov.uk/press-releases/assembly/does-london-need-a-land-tax. Copley suggests using LVT in place of council tax since implementing it as a single tax may be beyond the powers of the Mayor. When he suggests that land values might be difficult to calculate he means the 'political challenges' are the real cause of the difficulty. Funny how squeamish we can become when forced to examine the truth and reality of Land!
Quote: | "... — establishing a land value — further examination reveals
the complexities involved. “Finding evidence on which to base land valuations is
particularly difficult in an urban context because it requires the separation of
unimproved land value of the value of improvements to the land.”
4.8 Since most transactions in London will generally relate to improved land, then this separation will have to be estimated artificially rather than on the basis of transaction evidence. Valuers use the residual method of valuation to do this and this method is widely criticised in terms of the inherent volatility of the inputs and the sensitively of the output to those inputs.
4.9 The practical challenges may be dwarfed by the political challenge. LVT would require the valuation and regular revaluation of all land in London and the
resulting valuations would increase or decrease tax bills accordingly. Council tax
is still collected on valuations based on 1991 values in England and successive
governments have postponed proposed revaluations partly because of the
impact this would have in terms of moving property values up a number of
bands..." |
Also,
Old article highlighting questionable status of land. Simply attempting to walk by the river puts the participants in direct personal conflict with physical barriers, legal and intellectual ambiguities. http://www.theguardian.com/cities/2015/feb/24/private-london-exposed-thames-path-riverside-walking-route |
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Simon McKenna
Joined: 09 Jul 2012 Posts: 80 Location: Canterbury, Kent, UK
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Simon McKenna
Joined: 09 Jul 2012 Posts: 80 Location: Canterbury, Kent, UK
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Posted: Thu Mar 31, 2016 8:02 pm Post subject: |
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An excellent program on the attempt by students to reform the teaching of economics in their universities. BBC Radio 4 In Business: http://bbc.in/1pBBGW9
The movement mentioned is 'rethinking economics': http://www.rethinkeconomics.org/ |
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