2 Responses to Changing Direction on the Debt

  1. Clay Berling says:

    Virtually every element of the essay above involves economics or. more specifically, revenue to the community (defined as town, county, state, nation -all require revenue to provide the services each community needs.) We speak of revenue mostly in terms of taxes, although fees are sometimes included, but that is a mior part. Now we’re talking! Taxes are universally disliked more or less, but we have only a very slight understanding of the various kinds of taxes and their impact beyond the fact that we pay them. Taxes are usually considered as a kind of punishment if you do good things, like working, investing, producing, and this is true. But some taxes can be considered as a form of rent or fee for privilege, e.g the property tax on location or natural resources. In other words one is paying for privilege to utilize the space or resources which are the common property of all. After all, who owns the earth. This idea is not new, but really quite old, utilized somewhat in biblical times, but reformulated more elegantly by the French in the 18th century. rediscovered by many in the 19th century even in the USA, and then systematically erased from view in the early 20th century. It still recirculates even today as the “single tax.” It would resolve almost all of the diffculties we have now.

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