redahs

5 ms·

1.
by redahs 6y ago
Because allowing new public legal tender to be created on security of fictitious capital such as speculative land values and deposits of credit created by other banks is accounting fraud, transfers wealth from the poor to the rich, creates
2.
by redahs 6y ago
The traditional american school of thought on money is that 1) the optimal supply of money is externally determined by the needs of commerce for liquidity, 2) new money can be created to meet the needs of commerce through public loans secur
3.
by redahs 6y ago
In order for money to be both real and useful it should be secured by unencumbered interest in durable real property. The simplest way to circulate commercial paper for daily transactions is the Benjamin Franklin paper money system which in
4.
by redahs 7y ago
Which is rational. The annual product of lunar soil is zero. Extending the margin of production to the moon will lower wages and increase poverty. The only way to get the general public behind the idea of settling other planets is through r
5.
by redahs 7y ago
There's not much reason to settle the moon and mars prior to the remote establishment of an independent food supply. Aggressive remote terraforming through domes, mirrors, foreign microorganisms, explosives, and robots should come firs
6.
by redahs 7y ago
A population decline is certainly not necessary to continue growing GDP/capita. What kind of neo-Malthusian nonsense is that? The economy is operating nowhere near peak performance... at least 1/3 of GDP is lost annually due to pr
7.
by redahs 8y ago
If the desire is to make online content more readable, it might be worth starting with the assumption that all content downloaded from the network will be read on a black-and-white ereader device with no persistent internet connection. Thi
8.
by redahs 8y ago
The U.S. lost Vietnam because rural farmers thought U.S. troops were working for land lords. Land lords would take control of rural areas and start charging farmers rent after it was cleared of Viet Cong. There is a similar problem in Afgha
9.
by redahs 8y ago
The ownership of land by value is more unequally distributed than the ownership of capital. Capital depreciates and needs to be regularly replaced each generation. The wealthy have never needed robots to live a life of plenty; they can extr
10.
by redahs 8y ago
Compact urban settlement is a direct market substitute for the hydrocarbons which would otherwise be required to transport goods and people across longer distances. The most important thing we can do to transition off of oil and fossil fuel
11.
by redahs 8y ago
The shift of the state and local tax burden off of real estate held by wealthy savers and on to sales and purchases of household expenditures, the shift of the federal tax burden off of property income (most 'capital' gains are la
12.
by redahs 8y ago
We should phase in a federal 400% annual land value tax on the appraised price which all land would sell for if clear of improvements over the next 80 years. A 400% annual tax on the market value means the expect purchase price of an empty
13.
by redahs 8y ago
If the thesis of Progress & Poverty is correct, then the cyclic nature of civilization is due primarily to the tendency of the labor cost of acquiring unimproved land for productive workers to increase faster than the rate at which wage
14.
by redahs 8y ago
Tax policy has a huge impact on growth. However what matters much more than quantity of tax is the quality of tax. Money is public credit and varies in quality depending upon what it is secured by. Broad-based sales and payroll taxes are th
15.
by redahs 8y ago
Paying for Social Security using payroll taxes as we are currently doing seems like national suicidal, because younger families gain a greater share of their total income from working, rather than from holding land and investments. Payroll
16.
by redahs 8y ago
The boom and bust cycle has been driven primarily by land speculation since classical antiquity. The ability of banks to use their credit creation powers to fuel real estate bubbles through mortgage lending can be halted using a frequently
17.
by redahs 8y ago
The value the sunlight provides, like all positive externalities, is capitalized in the value of land. The benefits of sunlight can only be acquired if one has acquired a place on Earth to stand, suitable places to stand have been enclosed
18.
by redahs 8y ago
Consumption taxes have substantially decreased economic growth in Eurozone in practice. The Neo-classical models of economic growth are inferior to classical models of economic growth, as the exclude Land and natural resources as an indepen
19.
by redahs 8y ago
Humans, animals, plants, and single cell organisms directly consume sunlight as an input factor of production for various biological processes without paying the sun anything for it.
20.
by redahs 8y ago
> "But when money is invested it is used to buy capital goods–houses or office buildings or factories or ships or motor trucks or machines. Any one of these projects puts as much money into circulation and gives as much employment a
21.
by redahs 8y ago
> Maybe housing costs are what's causing the slump (if there is one)? Yes, that's how the business cycle has worked in western countries since the classical antiquity. The largest component of urban housing costs is the price f
22.
by redahs 8y ago
They could clear up rents rising faster than savings and consumption by copying Taiwan and implementing a land value tax as Sun Yat Sen and Henry George originally recommended. However Xi has consolidated power, begun promoting Marx more he
23.
by redahs 8y ago
The United States is not currently experiencing mass immigration. Its total annual population growth rate including immigration is lower than 1% and has not been this low since the Great Depression. The United States is a relatively lightly
24.
by redahs 8y ago
The previous explanation of declining fertility rates is a real effect which should not be ignored. Since the 1970s, increases to payroll taxes and decreases to taxes on property and capital gains have increased the tax burden on younger wo
25.
by redahs 8y ago
> Chile’s Water Code was established during the Pinochet dictatorship, and still treats water as a replenishable (rather than increasingly scarce) natural resource. Under the code, companies may trade water rights to the highest bidder I
26.
by redahs 8y ago
I assume that once Google has made investments in China which it does not wish to risk losing due to state interference, we can expect the Chinese government to start asking them to censor search results in western countries which indicate
27.
by redahs 8y ago
Use regular C, but write the code in literate programming files which can be rendered into a portable design document describing the implementation and interaction of every subsystem in the codebase. 'Standard written English' is
28.
by redahs 8y ago
> our industry's persistent lack of institutional memory that each generation ends up struggling with these problems de novo, without reference to similar systems that came before This sounds like what Knuth was trying to solve wit
29.
by redahs 8y ago
Inequality in land ownership has been continuously increasing in the United States since the 1930s. Higher property tax rates on land ownership are needed to reverse it, as well as the elimination of property tax exemptions which the owners
30.
by redahs 8y ago
> They buy expensive equipment and tags then come out here and work their asses off for a chance. That's fine as a hobby, but it would create poverty and rapid depletion of wildlife if the majority of people were forced to depend on

More ›