This statemente is not true, investment decision are no taken for government
advertisement campaigns. Investors ask for, first of all, the rule of law to
be accomplished, clear rules of the game, low taxes, they know hau to
calculate the return of their investment. On the other hand, taxes
I do not agree, since it is not consumption tax, accordingly with the
definition. Whta you are proposing is a kind of capital tax. I do not have
anithing against to, but your face the economic consecuences of taxing
capital.
Alexander Guerrero
- Original Message -
From: Fred Foldvary
Just taxing idle land isn't the Georgist tax as I know it. In Australia it
is used by most local councils as a primary source of revenue. The point is
to tax all land based on market value. Thus idle land becomes expensive to
keep. Very expensive in the Georgist model as this is the sole source
All I am saying is that it is possible, *in principle*, for the effect of
the increased tourist consumption to overcome the costs imposed by this tax.
The point is that everybody benefits from the advertising investment, and if
this investment was voluntary (i.e. not a tax), it could happen that
--- Alexander Guerrero [EMAIL PROTECTED] wrote:
How do you estimante market value?
With respect to land value, besides monitoring sales and rentals of
undeveloped land or sites such as parking lots, one estimates the
cost of replacing the building, subtracts depreciation, and that
amount is
South Africa is a typical small open Economy.
Its currency the Rand stands at R8.54 to the dollar at present. It
fell from R0.96 in 1979 to its present value.
Mainstream economists all argue that its good since exports are
stimulated (price thus elastic) and imports discouraged (also price
I agree, but you are talking about is price of land, not its value; taht is
market price!!!The difference makes the difference.
Alexander Guerrero
- Original Message -
From: Fred Foldvary [EMAIL PROTECTED]
To: [EMAIL PROTECTED]
Sent: Friday, November 02, 2001 2:20 AM
Subject: RE: Tax
Dear Tom,
Roger Garrison has made a very good cause for the Austrian
school to remain a separate school. He classifies schools as being
labour-based (Keynesian), money-based (Monetarists) and capital-
based (Austrian).
I have since then adopted this approach.
Have a look at his web-site :
