Progress & Poverty part 1
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"No one washes and waxes a rental car."
That's because the cost for that is included in how much you pay to rent...How do you think they stay clean?
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I just finished the second read of a book titled "The Vocation of Business" by John Medialle, in which he talks about Georgism and how it was used for land reform in Taiwan with great success.
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"No one washes and waxes a rental car."
I agree about you "another way" because this model doesn't work. I think some kind of co-operative or land trust where a renter can eventually become an owner is especially what is needed today in light of the even bigger model we now have with regard to land values and taxation as he talks about in this video.
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I have been a landlord now for 7 years and it is no picnic. I put a lot of sweat into acquiring and making nice a few rentals. Tenants don't pay rents, the properties get trashed, I have to spend even more money evicting, etc. There definitely is something wrong with this model.
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Economists will tell you that economics is a "science". Yet unlike the "hard sciences" (biology, chemistry etc), economics involves making CHOICES, and because man is making choices that involves morality.
The reason we are in the shape we are in today is because of science of economics and the Machiavellian decision making philosophy that drives it where the "ends justifies the means" with the ultimate end being the pursuit of profit.
We must return morality and ethics to the processes
jbryant13 3 years ago
The idea of collecting community created land value in all its many forms as the primary source of revenue to pay for public services seems to me to be a truly powerful way to return to morality and ethics. For private individuals to pocket values they do not create means a form of theft from the rest of us who create these values and gives incentive to game the system, i.e especially to influence public expenditures and decision making most of which increase land values.
ourearthhome 3 years ago