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My Presentation to the New York Trilevel Task Force on Jobs

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- Advertisement - - Ellen Brown is the leader in the State Banking Movement - North Dakota posts a budget surplus in 2010 - Petition to set up a State Bank in NY and pay the debt from the state CAFR. - NY State 2009 CAFR - The Hidden Taxable Capacity of Land : Enough and to Spare Mason Gaffney July 3, 2008. Accepted for publication in the International J. of Social Economics, Summer 2008 - 238 Peer-reviewed studies by Professor Steven Cord


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[3] S ee page 21 of the accompanying 2009 annual report of the BND for more details.

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[4] BND restricts loans to businesses and individuals with net worth <$500,000


[6] C urrent pension fund contributions of $2.9 billion (pg. 43) and benefits paid of $7.4 billion

[7] Various flaws in the city's 6 property tax class system, and chronic underassessments, may mean this figure is really twice as high - $1 Trillion. If so, "a levy of less than 4.3% on the true market value of land (well below the capitalization rate) would raise enough revenue to replace all other municipal taxes in New York City"such a lifting of tax burdens would greatly increase the volume of economic activity in the city"" pg. 10, Lindy Davies, Henry George Institute: New York City Property Taxes: From the Ridiculous to the Sublime, 02/28/2010

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

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