On Sun, Feb 26, 2012 at 3:04 AM, Sabri Oncu <[email protected]> wrote: >> The "solution" of course, would be to figure out how to raise the rate >> of profit, by ending the political/economic/technical problems that >> are depressing it. > > One step in that direction can be taxing all the rents (including > capital gains on real estate and financial assets) heavily to > discourage nonproductive investements, that is, speculation and/or > ponzi. If the buildings depreciate, how is it that the house prices > appreciate? It is the land underneath whose price appreciates, not > price of the building . Tax that appreciation, adjusted for inflation, > heavily, for example, and the like. That would discourage the > "rent-seeking" a recent Financial Times article was complaining about. > > Best, > Sabri
Georgism. Marx was very respectful of Henry George. > _______________________________________________ > pen-l mailing list > [email protected] > https://lists.csuchico.edu/mailman/listinfo/pen-l -- Facebook: Gar Lipow Twitter: GarLipow Solving the Climate Crisis web page: SolvingTheClimateCrisis.com Grist Blog: http://grist.org/author/gar-lipow/ Online technical reference: http://www.nohairshirts.com _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
