All posts by Bryan Kavanagh

I'm a real estate valuer who worked in the Australian Taxation Office (ATO) and Commonwealth Bank of Australia (CBA) before co-founding Westlink Consulting, a real estate valuation practice. I discovered, by leaving publicly-generated land rents to be privately capitalised by banks and individuals into escalating land price bubbles, this generates repetitive recessions and financial depressions. We need a tax-switch: from wages, profits and commodities onto economic rents/unearned incomes, if we are to create prosperity and minimise excessive private debt.

“There is no such thing as society”

The Spectator provides Margaret Thatcher’s statement in full:-

“I think we have gone through a period when too many children and people have been given to understand ‘I have a problem, it is the Government’s job to cope with it!’ or ‘I have a problem, I will go and get a grant to cope with it!’ ‘I am homeless, the Government must house me!’ and so they are casting their problems on society and who is society? There is no such thing! There are individual men and women and there are families and no government can do anything except through people and people look to themselves first… There is no such thing as society. There is living tapestry of men and women and people and the beauty of that tapestry and the quality of our lives will depend upon how much each of us is prepared to take responsibility for ourselves and each of us prepared to turn round and help by our own efforts those who are unfortunate.”

This was edited down in Women’s Own on 31 October, 1987:-

“They are casting their problems at society. And, you know, there’s no such thing as society. There are individual men and women and there are families. And no government can do anything except through people, and people must look after themselves first. It is our duty to look after ourselves and then, also, to look after our neighbours.”

I’ll leave it to others to discern whether “There is no such thing as society” is justified in its original context as claimed by Margaret Thatcher and her supporters, but one would be inclined to believe British society was represented by the Thatcher government from 1979 to 1990.

Violent riots in 1990 over Maggie Thatcher’s poll tax legislation and her leadership approval of 40% helped to seal her political fate.

This obviously wasn’t the first time people rioted over poll taxes or other anti-social taxes, but maybe the world would be a much better place if the current street riots around the world were to coalesce around the one and only non-tax, a rent, that represents the surplus of society, owed equally to each and every one of us – and which brings people together? Admittedly, it’s not on everybody’s lips, but most economists have to admit it works, whether or not the 0.1% like it.

ANOTHER COUNTRY

Once upon a time there was a country where all the people were extremely happy. They did things they wanted to do. Education was free. Teachers and parents were gifted at developing the attributes of their children.

Outside the cities, farmers grew fruit and vegetables and raised livestock. Delivery vehicles took food from the farms to the shops and trucks carried material to builders engaged in construction. Infrastructure was modern and extensive and rail transit was free. There were doctors and hospitals, but by and large the people in this country were very healthy. They took part in sporting and other events, had plenty of time to partake in the arts and to take holidays to foreign countries. But they loved coming back home to where their fellow countrypeople were happier and healthier, paid no taxes, and where land was free. Money was no object.

They never understood why people living in other countries didn’t tax land rents away in order to stop monopolies and corruption from developing, land prices from arising, and where interest wasn’t charged on borrowing. They were aware that some other countries were jealous of their resources and far better standard of living, so they invested in an effective people’s defence force.

Under a system of proportional representation, they elected representatives with good ideas, and lived happily ever after.