In-Reply-To: <2b21814885e1569e2d549ed4a736cde3@geonomics.org>
Sorry Jeffrey, but the stock of Gold coins is most definitely finite.
That is the fallacy of Gold as a backing for wealth :-(((
Ken.
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Date: Thu, 2 Mar 2006 11:52:40 -0800
To: socialcredit@elistas.com
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Subject: [socialcredit] Demand effective
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On Mar 2, 2006, at 8:35 AM, Joe Thomson wrote:
>
> (Jeff Smith replied:-) Wasn't exactly scare before then, just hoarded.
>
> (Joe comments:-) Yes, and look at HOW it was hoarded. By the
> imposition of a 'tax' on the LAND ITSELF
Please cite a time and place. Typically, hoarding land occurs where
taxing land is absent. The introduction of a tax on land value has
always broken up latifundia.
> (Joe:-) Then why don't we do just that. A 'site tax' on property
You equate site with property, ignoring many intervening steps. Cite
some please.
> Far better to share 'society's surplus' by making consumer demand
> 'effective demand' up to the limits of its satiation, or the full
> capability of production.
It's not either or but both and. Demand is made effective by getting a
share of recovered "rents" and the cost of land is kept from inflating
by landowners paying land dues, keeping them in competition among
themselves, precluding both hoarding and speculation.
> If you operated under a predominantly 'gold coin' money system and you
> repeatedly lent gold coins 'at interest', each time getting back more
> than you'd parted with, you would, mathematically, eventually come
> into possession of all the gold coins.
Assuming the quantity of gold coins to be finite, which they are not.
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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