"Housing Bubble" is Really a Land Bubble

Progress & Poverty part 4. Henry George's economic analysis of social inequity is just as vital today as it was 100 years ago. Wendell Fitzgerald, President of the San Francisco Henry George School, examines the profound affect of our real estate and tax systems on each of our lives, liberty, and politics, from George's perspective. HenryGeorgeSF.org. Produced by DanShaw.com.

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• poverty
• housing
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• land
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• 13

[Americaisgreat123]

What do you think of Thomas Sowell?

[ourearthhome]

I don't know enough to say much about Sowell but from what little I can see he does not speak about and may not understand the simple concept that sharing the earth will level the playing field and that shifting taxes off of labor and capital onto community created land values is the way to share the earth and allow individuals to reap what they have sown. I'm sorry. My opinion is that if you are not including some of this understanding in your work you do not really understand what is going on.

[Americaisgreat123]

Considering you are talking about economics, I don't understand where you are coming from. What good does collective ownership of land do? The Property and Environmental Research Center is a libertarian environmental group that focuses on improving the environment through property rights. For example, overfishing in the oceans is due to collective ownership of them.

What is your proposals on taxes and property exactly?

[ourearthhome]

Own all the land you want. Do with it as you will as long as it is legal. Just pay to the community the rental value of land. No disturbance of ownership. Private ownership of land for use, public collection of the value the community gives to land. Elimination of taxes on earned incomes from labor and real capital investment. Do your property rights include ownership of values the property owner does not create? Of course it does but this is a wholly unearned income properly taxed.