| Subject: | Re: [socialcredit] Rent for everyone | | Date: | Thursday, March 23, 2006 08:35:18 (-0800) | | From: | Jeffery Smith <jjs @.........org>
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| In reply to: | Message 3685 (written by thomsonhiyu) |
On Mar 21, 2006, at 10:06 PM, thomsonhiyu wrote:
>
> (Jeff Smith replied;-) You own an oil field? A corner of a downtown
> market?
>
> (Joe asks;-) Why would he want to? Is it not primarily only the
> ability of these assets
"Assets" sort of ignores they're nature.
> to be employed to make a price for their products in excess of their
> costs ~ their 'credit value', in other words,
But words a bit misleading compared to "profit" or "surplus" or "rent",
since "credit" typically goes with "debit".
> What Peter, you, me, and all the rest of us really want, are the
> 'products' from that oil field or that downtown market in a form that
> are useful as 'consumables' to us.
Yes, as consumers.
> 'Gasoline' for our vehicles is of 'use' to us. 'Crude oil' is useless.
Except to producers who can make some money turning it into consumables.
> 'Groceries' from the market are what we need and want on an ongoing
> basis. Not the 'market' itself.
Unless you're a landlord or lender or have a corner store with far more
foot traffic.
> 'Wealth' is what we 'consume', not what we have.
Well, we have it before we consume it.
> We don't need to 'own' either the oil field or the downtown market.
Not for life, but for making money, money that belongs to society.
> Most of us know nothing about running an oil field, and probably not
> much more about managing a downtown market. And why should we want to
To capture money for nothing, chicks for free.
> A price which should, to us as 'consumers', be continually dropping as
> production and distribution efficiencies are effected.
Hear, hear!
> For it to be so, we need to be properly credited as individual
> citizen-consumers
Who gets debited?
> with the 'capital appreciation'
Typically, capital depreciates.
> our inherited share of the cultural heritage that made those
> efficiencies possible has created.
Since cultural efficiencies are inherited by locations first, as long
as you share locational value, you share the cultural heritage.
> It is not necessary to communize 'land' to do that,
True. Forget land entirely and focus on land value. That's what's
common and most efficiently shared.
> and in fact, would likely be a major impediment to it.
Or, likely not, judging by the places that try even a degree of it.
> 'Land', and the more important factor, 'how to use it', are already
> included in our overall 'cultural heritage'.
Conceptually, yes. But economically, how economies operate is by
attaching value to locations.
> (Peter;-) The Douglas system is based on the goods and services, as
> opposed to land or gold, which assures directly the just share
Something wages, capital returns, and rent shares do precisely,
organically.
> (and just price!),
Supply and demand does that.
> (Joe:-) Only the upper limit of price is governed by the so-called
> 'law' of supply and demand. The lower limit of price, which, if
> there's competition and an absence of 'monopoly', is governed by
> 'financial cost'. The businessman cannot long sell for below
> 'financial cost' or he exhausts his financial reserves and goes broke.
Key word is "long", since they often do for short whiles, proving LSD
(the Law of Supply & Demand) works for lower limits, too.
> To the extent that he does sell below financial cost and is financed
> by his banker in doing so, he demonstrates that an expansion of credit
> can just as easily be used to 'lower' prices to consumers as to
> 'raise' them.
Or, he more typically, had a surplus of unsold goods.
> The 'foundation' all of us stand on is most certainly the 'land'. But
> without the 'cultural heritage' that enables us to use it we wouldn't
> last long on it. It is that body of knowledge specific to the lands
> we occupy that enables us to survive, to go forth and multiply, and to
> increase our prosperity and well-being.
And that shows up as the value of the location.
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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