Vampire #1 is public debt.
Vampire #2 is land value.
Vampire #3 is housing and land values conjoined.
Vampire #4 is the corporation.
Land and Liberty, Summer 2009
. . . → Read More: The Four Vampires of Capital
|
|||||
|
Why we have more buildings than we use. Working capital is the bloodstream of economic life. It is physical capital, the fast turning inventories of goods in process and finished goods that supply materials to the worker, and feed and clothe her family. Short term commercial loans and trade credit buy it, but the capital is “real”—a fact often forgotten in the paper and virtual worlds of . . . → Read More: How to Thaw Credit, Now and Forever We hear a lot these days about the need for more capital to make jobs. Some of what we hear and read we may discount as self-serving, lobbying for more preferential tax treatment of profits. Yet there is a case argued by sincere and public-minded people on objective grounds which we must take seriously. We hear a lot these days about the need for more capital to make jobs. Some of what we hear and read we may discount as self-serving, lobbying for more preferential tax treatment of profits. Yet there is a case argued by sincere and public-minded people on objective grounds which we must take seriously. A reply to comment by Henry Goldstein and Procter Thomson on my “Tax-induced Slow Turnover of Capital,” published in Western Economic J. WEJ editors returned it for shortening. Meantime Anthony Chisholm replied on my behalf, using some of this material. I have incorporated it into to be polished . . . → Read More: Time, Taxes, Turnover and Intensity MANY, IF NOT ALL economists now agree that the fisc may tax away rent without impairing any economic function. It is only necessary that the tax be independent of landowner behavior. PRESENT DOLLARS are heavy dollars; future dollars are light dollars. The effort of taxpayers to retard tax liabilities and advance tax write-offs follows as the night the day, and economists understand the rudiments of this game: taxes deferred are taxes denied. Extractive Resources and Taxation Madison: University of Wisconsin Press, 1967. Volume One, Publications of TRED, The Committee on Taxation, Resources and Economic Development. Out of print; available micro. Includes 79 pages of “Editorial Findings” (item B, 2, hic), plus Introduction to . . . → Read More: Extractive Resources and Taxation: Editorial Findings Extractive Resources and Taxation Madison: University of Wisconsin Press, 1967. Volume One, Publications of TRED, The Committee on Taxation, Resources and Economic Development. Out of print; available micro. Includes 79 pages of “Editorial Findings” (item B, 2, hic), plus Introduction to . . . → Read More: Extractive Resources and Taxation: Introduction |
|||||
|
Copyright © 2012 Mason's Blog - All Rights Reserved |
|||||
