| Subject: | [socialcredit] Bonds, dues, dividends | | Date: | Wednesday, February 22, 2006 12:53:20 (-0800) | | From: | Jeffery Smith <jjs @.........org>
|
On Feb 22, 2006, at 8:29 AM, Joe Thomson wrote:
>
> (Joe replies:-) . Businesses routinely fund their ongoing
> 'operations' by way of 'debt' (bank loans). The bulk of bank
> financing is for just that purpose.
I've read otherwise. If you could source your claim ...
> Try and see how much business would be 'healthy' if every business had
> to rely only on its 'retained earnings' or its 'owner's capital' to
> 'operate'.
One reason for this bias is the income tax, which falls on earnings but
exempts interest payments.
> Sell bonds to whom and for what, Jeff?
A wide range of improvements, such as, say, a new bridge. Such bonds
are bought all the time by a myriad of investors.
> he hasn't 'made' any money. Only the bank can 'make' that.
Legally. We do have community currencies, tho'.
> So what you propose
What did I propose?
> doesn't come anywhere near to solving the problem. Perpetual debt is
> still with us, and still increasing.
Decrease it by decreasing private debt, most of which is mortgage.
Decrease the price of land by raising the tax or dues for land. And by
decreasing public debt, most of which is for war. Decrease that by
tying military expenditure to an income tax and replacing so-called
social services with a citizens dividend. To fatten their extra income
supplement, a majority of voters will vote for peace.
> dispossessing someone from their property,
What makes property proper? What makes a hunk of nature property? What
makes it theirs?
> just because they fail to come up with the requisite 'money' tax on
> your arbitrary assessment
The market assesses site values all the time.
> is a recipe for tyranny reminiscent of some of the worst forms of
> dictatorship the world has witnessed all down through history.
Please do reminisce. Have you any real world examples to cite?
Rather than turn land value over to speculators (as current) or to
politicians (as you fear), divvy it up and share it as a Citizens
Dividend.
SMITH, Jeffery J., President, Forum on Geonomics
7536 SE Milwaukie Av, Portland Oregon 97202 USA
503/232-1337; jjs@geonomics.org; www.geonomics.org
Share Earth's worth to prosper and conserve.
|
Bonds, dues, divid
Reply to this message