1746Re: [LandCafe] land price with full land tax -
- Nov 18, 2006On Nov 16, 2006, at 3:19 PM, Mark Monson wrote:
>Yes! And in a competitive market, in exchange for their guarantee, they
> 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.
probably wouldn't have to pay depositors any interest, either.
> Many times in different places, land prices have generally redoubledThen as those recipients spend their ill-gotten gains, that bids up
> without a corresponding general inflation. The reason is that banks
> create speculating money out of nothing that is then used to bid up
everything else, eh? (tho' never as much as land got bid up)
SMITH, Jeffery J.
President, Forum on Geonomics
Share Earth's worth to prosper and conserve.
- << Previous post in topic Next post in topic >>