Author Archive

New book from Smart Taxes: The Fair Tax – supported by history, agreed by economists, feared by the 1%

Sep 17, 2012 Comments Off on New book from Smart Taxes: The Fair Tax – supported by history, agreed by economists, feared by the 1% by
Ireland is unusual among industrialised countries in that it has no property tax. But that is about to change - and the type of property tax that is brought in will be crucial to Ireland's future. This new book from the Smart Taxes Network and Feasta explains how a poorly-designed property tax could bring about a second massive transfer of wealth from the 99% to the 1%. A Site Value Tax would be vastly preferable, and the book convincingly shows how easy it would be to assess and implement.
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Philadelphians are smart enough to understand a land value tax…

May 05, 2012 Comments Off on Philadelphians are smart enough to understand a land value tax… by
Professor Frank Convery believes that Irish people will never accept land value taxation even though it is the best kind of property tax:  and he knows it is because he participated in the EEA conference of environmental taxation in Dublin 2010, which showcased site value tax as an ‘environmental tax’.  Maybe he thinks Irish people are too thick to get the message of what is in their interest.  It might help if they were actually given the information and offered the choice, don’t you think?
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The Mosler Plan for Greece Fits Ireland too

Jul 05, 2011 Comments Off on The Mosler Plan for Greece Fits Ireland too by
I really like this idea, below copied in full, that Warren Mosler has devised for Greece but fully applicable to Ireland.  Mr Mosler doesn't seem to want for self confidence. Perhaps he has good reason. [...]
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Useful graphic to help select the fish to eat

Jul 05, 2011 Comments Off on Useful graphic to help select the fish to eat by
From excellent website that illustrates data so you can quickly get the picture. Information is Beautiful: Which fish are good to eat? [...]
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Nat O’Connor on Job Guarantee

Jul 01, 2011 Comments Off on Nat O’Connor on Job Guarantee by
Nat O’Connor of Tasc which partnered Smart Taxes recent conference “Lessons from the Crisis” that introduced MMT ideas to Ireland, writes in Social Justice Europe to advocate a Job Guarantee. He usefully scopes what the JG would mean for Ireland.  We hope this is the start of a serious debate of this option.  [...]
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Tax Reform Roundup

Jun 30, 2011 Comments Off on Tax Reform Roundup by
Homeless protesters target Bono’s Dublin hotel This photo was taken yesterday outside The Clarence Hotel in Dublin. This luxury hotel is partly owned by Irish rock star Paul Hewson (aka Bono), who has become a focal point for Irish protesters concerned about the level of tax avoidance by that country’s elite.
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Even US Big Business can see the sense of a Job Guarantee

Jun 30, 2011 Comments Off on Even US Big Business can see the sense of a Job Guarantee by
Government must take a leading role in job creation. Conservative or even liberal agendas that cede responsibility for job creation to the private sector over the next few years are simply dazed or perhaps crazed. The private sector is the source of long-term job creation but in the short term, no rational observer can believe that global or even small businesses will invest here when the labor over there is so much cheaper.
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Sharing the Land – an idea whose time has come

Jun 29, 2011 Comments Off on Sharing the Land – an idea whose time has come
Even with a Site Value Tax covering developed land and a Land Value Tax covering all the rest, access to land is important. The taxes recognise land as a commons shared by all but resilience requires that its use is widely spread amongst the population. Distributed landownership is needed to protect against large landowners lobbying to remove the LVT and also to spread the knowledge of carbon building, biodiversity protecting, sustainable food growing methods amongst the widest groups of people. Here is an interesting article in shareable.net about emerging land share systems in the US and UK.
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Should European Nations Repudiate the Debt?

Jun 13, 2011 Comments Off on Should European Nations Repudiate the Debt?
L Randall Wray writing in New Economic Perspectives.  The answer to the question is YES.
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A Green Job Guarantee For Ireland

Jun 11, 2011 Comments Off on A Green Job Guarantee For Ireland
What would happen if, instead of the European Central Bank providing liquidity to private banks in order to ward off financial collapse, it provided funding to mobilise a green workforce to tackle urgent environmental challenges? The salaries would effectively transfuse local economies and the scheme has precedence in the Common Agricutural Policy which already pays farmers to protect the environment. This Irish adaptation of the Job Guarantee developed by Modern Monetary theorists in the US is proposed by Emer O'Siochru in an article on the Smart Taxes Network website.
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Irish farmland is most expensive: Farmland Prices around the World

Jun 09, 2011 Comments Off on Irish farmland is most expensive: Farmland Prices around the World
As a comparison, Irish farmland prices were €8,647 per acre or $12, 774 per acre  in 2010 calculated by the  Irish Farmers Journal.   Only 41,339 acres or 881 farms were put on the market in 2010;- typical very low annual sales.  So Irish farmland sale price is approximately 30% higher than the highest [...]
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Herman Daly on Resource Taxes including a land value tax,

Jun 09, 2011 Comments Off on Herman Daly on Resource Taxes including a land value tax,
The great and the good are lining up to support land value taxation as part of a general tax shift onto the use of all natural resources and off 'value added'. Herman Daly, writing in the Daly News in Steady State Economy, highly respected in the Green movement lends his considerable weight to the cause crediting the US 19th century economist Henry George. Let us see if his intervention will help persuade Environmental NGO doubters in our Ireland-of-the-land-hungry.
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Dr Kelton: Smart Fiscal Policy primer

Jun 07, 2011 Comments Off on Dr Kelton: Smart Fiscal Policy primer
Dr Stephanie Kelton has laid it out, nice and simple in two articles in New Economic Perspectives (links below) for those who really want to know, how  government fiscal policies work in a real as opposed the idealised neo-liberal  economy.  It is not the way most commentators and politicians seem to think it does.
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