FREE, BUT INVALUABLE, ADVICE FOR MR PRESIDENT

OK, President Obama. Forget the crap, forget the glitz: get down to work.

If as you say “The best is yet to come”, it’s time you got serious. You’re facing the fiscal cliff and your economic advisers have failed you – badly.

You need more than rhetoric. Discover land rent.

It’s one-third of the economy, most of it stolen by rentier plutocrats.

You need to study and heed what these economists have had to say:-

Joseph Stiglitz: “Rent is the secret tax the wealthy charge the poor.

Michael Hudson: “The way to prevent real estate bubbles is to tax the land rent. The basic principle at work is that whatever rent the tax collector leaves ‘free’ is available to be pledged to the mortgage banker as interest – to carry a yet larger loan.

Steve Keen: “The problem is that Australia’s central bankers have fallen for the usual occupational hazard of men in their profession: they have only one trick in their toolbox: supplying credit to influence the interest rate.

And listen to these guys from the past, because they knew their economics, too:

John Locke:  “The things of nature are given in common.

Henry George:  “Make land common property, but let individuals who now hold it retain …. possession.

OK?

Now get to it, or else your Presidency is going to get much worse before it gets any better.

 







 

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