Author Archive

Unexpected Support for Land Value Taxes from OECD

Apr 25, 2012 Comments Off on Unexpected Support for Land Value Taxes from OECD
The OECD has been a strong proponent recently of land value taxes, which date back to Adam Smith but were most vigorously promoted by 19th century economist Henry George. [...]
Read more

Kilkenny People Article on Site Value Tax

Apr 23, 2012 Comments Off on Kilkenny People Article on Site Value Tax
By Jill Kerby. Next year we are expected to have a full-blown property tax – of some kind – that will replace the controversial €100 household charge and the second-property charge of €200. The suggestion is that the government [...]
Read more

Smart Taxes’s Site Value Tax versus the ESRI’s Property Tax

Apr 20, 2012 Comments Off on Smart Taxes’s Site Value Tax versus the ESRI’s Property Tax
Ronan Lyons responded to media reporting of the ESRI's recommendations to the Expert Group on Property Tax on the Irish Economy blog. Here is a snippet.  It is worth hitting this link and reading the flurry of comments.  I added my tuppenceworth too. .. [...]
Read more

Steve Keen on TV3

Apr 19, 2012 Comments Off on Steve Keen on TV3
Steve Keen aided and abetted by Constantin Gurdgiev on TV3 outlines what it will take to solve the current debt crisis - nothing less than a distribution of trillions of euro to people - NOT to the banks. Richard Douthwaite dubbed it "deficit easing" [...]
Read more

The Job Guarantee Primer : New Economic Perspectives

Apr 16, 2012 Comments Off on The Job Guarantee Primer : New Economic Perspectives
The New Economic Perspectives blog has been hosting a series discussing the Job Guarantee which is a major tenet of MMT or Modern Monetary Theory.  Professor L Randal Wray has authored these blogs responding to questions and criticism posted by his myriad readers.  We post his last piece here which deals with the practicalities of [...]
Read more

Radical New Plan for Euro from Soros

Apr 12, 2012 Comments Off on Radical New Plan for Euro from Soros
George Soros plan to share ECB seniorage receipts with Euro member state using a special purpose vehicle.
Read more

The French Solution to Inflation under a Job Guarrrantee By Philip Pilington

Apr 10, 2012 Comments Off on The French Solution to Inflation under a Job Guarrrantee By Philip Pilington
Philip is a member of Feasta and the Environmental Pillar Economic Working Group. He blogs in Naked Capitalism and is a leading young MMT advocate in Ireland. Here he writes about the danger of inflation where a Job Guarantee in a under developed country stimulates the importation of fancy goods that causes inflation and the devaluation of the floating currency. This could be true for Ireland as we make very little stuff here. [...]
Read more

Property Tax is a Wealth Tax in Ireland by Ronan Lyons

Apr 08, 2012 Comments Off on Property Tax is a Wealth Tax in Ireland by Ronan Lyons
Wealth taxes and property taxes in Ireland: understanding the tax base by Ronan Lyons The end of the first quarter of 2012 saw not just the usual quarterly reports – such as the Q1 2012 Daft.ie House Price Report discussed elsewhere on the blog – but also the deadline for paying the €100 Household Charge. [...]
Read more

Creative Thinking by Pilkington and Mosler to Solve Ireland’s Debt Problem

Mar 30, 2012 Comments Off on Creative Thinking by Pilkington and Mosler to Solve Ireland’s Debt Problem
Philip Pilkington has worked with Smart Taxes and the Economic Working Group of the Irish Environmental Pillar on the Green Job Guarantee. Here he has partnered with MMT economist and market maven Warren Mosler and convinced the prestigious Levy Institute to publish their idea for Tax-Backed Bonds. The ‘tax-backed bond’ or ‘Mosler bond’ is based on the MMT idea that fiat money gets its value because the government accepts it in the payment of taxes. [...]
Read more

Smart Taxes Submission to Irish Property Tax Expert Group

Mar 20, 2012 Comments Off on Smart Taxes Submission to Irish Property Tax Expert Group
Smart Taxes made the submission to the special Expert Group set up to deliver a Property Tax for Ireland. It is by no means a done deal that we will get a Site Value Tax for Ireland, but it is looking more and more likely. Lets allow ourselves to hope that one lasting and transformative 'good thing' comes out of the financial and fiscal debacle.
Read more

Ann Pettifor Predicts Another Credit Crunch

Mar 09, 2012 Comments Off on Ann Pettifor Predicts Another Credit Crunch
The fact is Britain’s household, corporate and financial sector debts are vast, and may well never be repaid. As the McKinsey Global Institute points out, British banks, corporates and households are only beginning to ‘de-leverage’ these debts – pay them down, or write them off. The more is paid down, the less is available for spending. [...]
Read more

Another Europe is possible

Mar 06, 2012 Comments Off on Another Europe is possible
From On The Commons. This is exactly the kind of alternative voice and force we need here in Ireland.  The Environmental Pillar just submitted their response to the governments Framework Strategy for Sustainable Development which has the commons at its core.  It is nice to feel we are not alone and Roos is so right [...]
Read more

Would you rather tax gardens or jobs?

Feb 28, 2012 Comments Off on Would you rather tax gardens or jobs?
"The Minister should say: 'We can either introduce this property tax, or else we will need to raise the lower rate of income tax from 20% to 25%. Both harm disposable incomes but only one harms the creation of jobs. Which one do you want?'"
Read more