Share on Google Plus Share on Twitter 1 Share on Facebook Share on LinkedIn Share on PInterest Share on Fark! Share on Reddit Share on StumbleUpon Tell A Friend (1 Shares)  
Printer Friendly Page Save As Favorite View Favorites View Stats   1 comment, 4 series

General News

My Presentation to the New York Trilevel Task Force on Jobs

By (about the author)     Permalink       (Page 2 of 4 pages)
Related Topic(s): ; ; ; ; , Add Tags Add to My Group(s)

Supported 2   Well Said 1   Interesting 1  
View Ratings | Rate It Headlined to H3 10/13/10

Become a Fan
  (68 fans)
- Advertisement -

Common Ground's "Tax and the City"

The Map of Land Values from the NY Federal Reserve

Professor Steven Cord's Top 23 LVT studies, and his larger 238-Study Document.

Since I am also an active member of the 177-member online Public Banking Group open by invitation only - this was in addition, an opportunity to talk about creating a State Bank for New York, as North Dakota has had since 1919, and to leave them with statements from the Bank of North Dakota (BND) and an article showing their current billion dollar surplus and <5% unemployment, numbers that New York can only dream of. I pointed out to them that there is ample money in the state's Comprehensive Annual Financial Report to set up a reserve that would never be loaned out to fund a State Bank (over $110 Billion). Senator Bill Perkins in particular seemed interested in that, and I intend to follow up with him by mail and phone on both the LVT and State Bank ideas. My last point to him was that if the 2008 $155 Billion State Pension fund had been invested in a State Bank, making in-state, non-securitized, on-the-books loans to small businesses and individuals, the fund would not have lost $40 Billion from 2008-2009 over 4 times what the so-called budget deficit for New York State was that fiscal year. This seemed to both impress and to scare him and the other panel members. I further reminded them that while agency money cannot be spent, it can be invested differently, and in this case, more prudently.

I am now following up with them with written letters and some additional info to further answer their concerns. Hopefully, this is an opportunity to finally move the needle in our direction.

Here is the text of my 4-minute speech, which I also left with them.

Common Ground NYC - Scott Baker, President

- Advertisement -

Rights to the Products of Earth for All, and Rights to the Products of Labor for Each.

Tax what you Burn, not what you Earn.

- Advertisement -

Presentation to the Trilevel Joint Legislative Task Force

Greetings, members of the distinguished Trilevel Task Force. As president of the local chapter of the north American Geoist organization, Common Ground-NYC, I would like to speak to you today about the job-stimulating effects of the Land Value Tax (LVT).

The LVT would shift taxes from wages, sales, and capital, onto natural resources (referred to as Land in classical economics). While taxes on wages, sales, and capital (real capital, like factories, buildings and cars etc.) discourages the production of all of these, taxes on Land actually encourages the use of new Land because they force landowners to either develop the land or to sell it to someone who can, in order to pay the LVT. According to Common Ground's research, there are over 22 square miles of vacant land citywide. This land isn't being used for affordable housing or for new businesses that can boost the city's revenues. By simplifying the tax system to the LVT, you also reduce company overhead and remove the incentive for lobbyists to inundate politicians looking for tax breaks and subsidies. More production and less corruption: a winning combination anywhere.

Next Page  1  |  2  |  3  |  4


Take action -- click here to contact your local newspaper or congress people:
Support the Land Value Tax & State Banking

Click here to see the most recent messages sent to congressional reps and local newspapers

Scott Baker is a Managing Editor & The Economics Editor at Opednews, and a blogger for Huffington Post, Daily Kos, and Global Economic Intersection.

His anthology of updated Opednews articles "America is Not Broke" was published by Tayen Lane Publishing (March, 2015) and may be found here:

Scott is President of Common Ground-NYC (, a Geoist/Georgist activist group. He has written dozens (more...)

Share on Google Plus Submit to Twitter Add this Page to Facebook! Share on LinkedIn Pin It! Add this Page to Fark! Submit to Reddit Submit to Stumble Upon

Go To Commenting

Other Series: View All 45 Articles in "Public Banking"

The views expressed in this article are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.

Follow Me on Twitter

Contact Author Contact Editor View Authors' Articles
Related Topic(s): ; ; ; ; , Add Tags
Google Content Matches:
- Advertisement -

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

Obama Explains the FEMA Camps

Was Malaysian Flight MH370 Landed Safely in Afghanistan?

Let the Sun Shine on a State Bank in Florida

Batman, The Dark Knight Rises...and Occupy Wall Street Falls

The Least Productive People in the World

The continuing plight of Malaysian Flight MH370 - 2 month update


The time limit for entering new comments on this article has expired.

This limit can be removed. Our paid membership program is designed to give you many benefits, such as removing this time limit. To learn more, please click here.

Comments: Expand   Shrink   Hide  
1 people are discussing this page, with 1 comments
To view all comments:
Expand Comments
(Or you can set your preferences to show all comments, always)

Op-Ed News rules, eh?:)your friend,Ned... by Ned Lud on Thursday, Oct 14, 2010 at 9:55:40 AM