Site Value Tax is a tax policy proposed by Smart Taxes Network. It would be an annual charge on zoned land, based on its market value, which would fund government expenditure and encourage productive and sustainable investment. Smart Taxes have created this brochure to offer a clear and simple explanation of what the tax is, how it works and the benefits it offers.
Warren Mosler has found signs that the ECB is beginning to collect the right kind of data. Their interpretation of it is still problematic though.. Current policy responses continue to support the same repressive fiscal policies [...]
From Mike Norman here copied in full so there is no excuse not to read and fully understand this crucial issue concerning government spending v bonds sales and inflationary risk. [...]
One of the richest men in the world has called for increases in US top-rate tax in the New York Times. Last year my federal tax bill — the income tax I paid, as well as payroll taxes paid by me and on my behalf — was $6,938,744. That sounds like a lot of money. [...]
In the third and final excerpt from his book The Commons of Soil, Patrick Noble explores the relationship between fashion and rapid change in societies. Our drive to be social and belong in a community - extrinsic motivations - could be regarded as a possible catalyst for adaptation to a post-oil economy.
What needs to be done At this point the Eurozone needs a massive infusion of liquidity. Given that the cascade structure of the EFSF is part of the problem, the solution cannot be a massive increase in its size. However, the EFSF could simply be registered as a bank and could then have access to unlimited re-financing by the ECB, which is the only institution which can provide the required liquidity quickly and in convincing quantity.