Henry George part 1

How poverty is perpetuated amidst economic progress.

Henry George: http://en.wikipedia.org/wiki/Henry_George

Progress and Poverty: http://www.amazon.com/Progress-Poverty-Industrial-Depression-Anniversary/dp/B...

Category:

News & Politics

Tags:

• Henry
• George
• poverty
• land
• speculation

[bootiack]

boring babble, roaming, cmon man get better

[silversoul7]

@bootiack I have gotten better, yet you voluntarily chose to watch one of my earlier videos on the subject and felt like wasting enough of your time to tell me it's boring. That tells me that you're probably a pretty boring person yourself.

[mrperez1928]

Money is obsolete - please watch Zeitgeist: Moving Forward to learn why.

Search for Zeitgeist: Moving Forward

[silversoul7]

@mrperez1928 See my video titled "Zeitgeist: A Critique"

[butlmat]

Here's another. Suppose there is a desert town without water and the town-people are not prospering. Real estate prices are depressed. Suppose a man buys land he believes has water beneath it and installs a well. Suppose the well is productive and an influx of people movie into town. This leads real estate prices to rise. It is said the increase in land is unearned income, because its value created by the community. Is that in this hypothetical?

[silversoul7]

@butlmat First of all, I would expect a desert town without water to not exist at all. No water = no civilization. Access to water would definitely increase land values. So would the commerce generated by the rest of the community that has water. You can find individual things that increase or decrease rent, but for the most part it's so ubiquitous that it's impossible to say that so-and-so produced this amount of rent. That's why rent properly belongs to the commons.

[DaronRyanAustralia]

@butlmat Yes you are right but it is not merely knowledge should be rewarded. Reward should be directed to people in return for making an effort to assist others. Just because somewhat is smart doesn't mean we should reward them. Many criminals are smart. Or would you like to clarify your question.

[silversoul7]

@butlmat Liquidity, I suppose. But no wealth is created in the process, and there are much better ways of adding liquidity.

[butlmat]

I'm intrigued by this idea and will learn much more about it. However here is a problem I'd like you to answer. You suppose a person who buys a vacant parcel and then benefits by having a city spring up around it has done nothing, correct? But suppose he buys the land KNOWING a city will one day spring up around it. It is knowledge of this future event that acts as the impetus for him to purchase the land from the original owner, thus providing liquidity in the market, right?

[magrathean0]

Important to remember that the company doesn't keep the differential between kansas and new-york, the landowner does (for doing nothing). Good job thanks HG rulez, others drool