| Subject: | [socialcredit] Scarce? | | Date: | Tuesday, February 28, 2006 12:47:21 (-0800) | | From: | Jeffery Smith <jjs @.........org>
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On Feb 27, 2006, at 9:23 PM, John G Rawson wrote:
> Why on earth (no pun) land in particular? It ceased to be the scarce
> factor when the industrial revolution got going.
Wasn't exactly scare before then, just hoarded.
> Why not go further back into antiquity and use a poll tax? (No, I
> don't advocate it.)
Let's distinguish between taxation and sharing society's surplus.
> The manipulation of scarce factors has progressed since then to
> factories and machinery, and now to an artificial scarcity of money.
> If you want to be really up to date, try a tax on the creation of
> money. Or far better still, work to stop it being made a scarce
> factor.
Is it scarce, or costly? That is, plenty comes into existence, yet the
new notes are interest bearing, which they should not be. To see how
much excess US currency there is, watch how US inflation kicks up as
the dollar loses favor abroad and those expatriated dollars come home
to roost.
> Yes, I know it is readily available per credit cards etc. For a time,
> provided we all go on borrowing at an increasing rate. But look at
> the rent we pay for the use of our own money and then tell me it isn't
> used as a scarce factor. (That pun was intentional, yes, usury.)
Scarce, or costly?
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.
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Scarce?
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