a plan for economic recovery - narrated - july 2011

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Slide 1:

THE AND

A Plan for Economic Recovery :

A Plan for Economic Recovery Edward J. Dodson, M.L.A. July 2011

Slide 3:

BRETTON WOODS DEMAND MANAGEMENT IMF WORLD BANK Special Drawing Rights Floating Exchange Rates Dollar Reserves

Slide 7:

Earned versus Unearned Income

Slide 8:

Monopoly license yields monopoly rents from natural resources

Slide 10:

“Here is your share of the profits from our speculation in land and natural resources.”

Slide 11:

IDLE

Slide 12:

NATIONAL AND STATE MEDIAN INCOMES

Slide 16:

INCOME DISTRIBUTION Only 0.01 percent of us has an income of $5.4 million or more. And, only 0.1 percent have incomes of $1.1 million or more.

Slide 17:

INCOME DISTRIBUTION $5.4 million

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$87,000

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EXEMPT UP TO THE NATIONAL/STATE MEDIAN

Slide 22:

Welcome to our country. Most workers pay little or no income tax!

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PASSIVE INVESTMENTS WECOMED HERE!

Slide 29:

“We qualify for the small business tax exemption, right?”

Slide 35:

“Buy land … they don’t make it anymore.”

Slide 43:

Henry George

Slide 56:

Nicolaus Tideman, Professor of Economics, Virginia Polytechnic Institute

Slide 57:

“A very important effect of taxing land is the opportunity it provides for removing non-neutral taxes such as those on improvements. This is highly stimulative of development. A related stimulative opportunity that is created by taxing land is the opportunity to provide services such as water, sewerage and electricity at marginal cost.”

Slide 58:

Mason Gaffney, Professor of Economics, University of California, Riverside

Slide 59:

“The unique, remarkable quality of a property tax based on land ex buildings is that you may raise the rate with no fear of driving away business, construction, people, jobs, or capital! You certainly will not drive away the land. However high the tax rate, not one square foot of it will put on a track shoe and hop out of town. The only bad thing to say about this tax's incentive effects is that it stimulates revitalization, and makes jobs. If some people think that is bad, maybe this attitude is the problem.”

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