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1746Re: [LandCafe] land price with full land tax -

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  • Jeffery J. Smith
    Nov 18, 2006
      On Nov 16, 2006, at 3:19 PM, Mark Monson wrote:
      > There is a solution for that one too: nationalize the FDIC accounts.
      > Take them off the bank's books and give them to the US Treasury.
      > Individuals would keep their savings and the bankers would be released
      > from the liability as well as the assets from those accounts.

      Yes! And in a competitive market, in exchange for their guarantee, they
      probably wouldn't have to pay depositors any interest, either.

      > Many times in different places, land prices have generally redoubled
      > without a corresponding general inflation. The reason is that banks
      > create speculating money out of nothing that is then used to bid up
      > land.

      Then as those recipients spend their ill-gotten gains, that bids up
      everything else, eh? (tho' never as much as land got bid up)

      SMITH, Jeffery J.
      President, Forum on Geonomics
      jjs@...; www.geonomics.org
      Share Earth's worth to prosper and conserve.
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