Ghost Town 3: USA

Clusters of vacant dwellings across America reveal the reasons why the banking system exploded in the sub-prime mortgage crisis. Fred Harrison exposes the financial logic that drove the boom/bust, and identifies the tax reform that would stave off the next cyclical economic crisis.

Category:

Nonprofits & Activism

Tags:

• Fred Harrison
• House Price Cash
• Henry George
• LVT
• Land Value Tax
• boom bust
• economics

[lucy9359]

@kiiskeet why don't you's just have a civil rebellion while you still have guns :)

[kiiskeet]

@lucy935, . . . What? Lol

[friendlyjun]

This guy really doesn't understand why the subprime crisis has happened. He thinks that the tax code caused it. But mortgage interest deduction has been around long before the crisis started. That wasn't the cause. The cause was that people thought housing prices would never go down and piled on to speculated on it. That's what the problem was. Not the tax code.

[lucy9359]

@emilyanne31285 as a Canadian we are all in agreement for you to put Ron Paul in to office,lol! you elect people who are not qualified or educated as politicians to run your Country ie, Bill Clinton was a truck driver Obomba was a black man got in on the race card and then you go back and forth in an ascination of your peoples mantality...keep all liberal governments out of office take it from us they are ran by fringe group mind sets and they will reak havoc...Obomba is a prime example!!!!

[lucy9359]

@antred11 scarey eh?

[lucy9359]

@rhymeandreasoning hmmm we are well on the way to having the same issue if it keeps up in our Country so you won' t have to go across the border as the same thing is happening here...our banking system seems safer but our mass revenue depends on land devolopers and builders etc...we haven' t see the worse of it as they haven't....

[lucy9359]

America is not the richest Nation on earth you have all been had...and from listening to this guy, I am conserned as Canada is doing the same thing....our banking system is safer but still there is a heavy reliance on builders..the bible also says woa unto them who build house upon house causing the people to live in poverty....

[saqsay1]

@rhymeandreasoning I love ghost towns too! In fact I have been thinking of going to Detroit to take a look around, but am afraid to go alone. Getting a group together would be a great way to do some urban exploring

[canisfamilliaris]

I'd sugget that if the government gets involved it will create a bubble somewhere else. Everything the government does just makes things worse.



[NearAbbeyRoad]

@antred11 "Same thing that's going on everywhere else. Limitless greed." That has always been the case. Not taxing land values creates boom & busts - typical over past 100 years. When on the up greed takes hold and the best & safest gains were from land. Tax the values of land and many social ills will disappear - Tolstoy mentions this. Adam Smith David Ricardo Henry George Leo Tolstoy Winston Churchill Einstein Milton Freidman Martin Wolf (FT) etc All were in favor of taxing values of land