Rob: Okay, so let me get back, because we've got to wrap this up very shortly. What would be the retail value, the rental value every year for New York City, and idea on that? If it's a half a million to a million for the actual real estate value? How much rent is paid based on the value of the property?
SB: Yeah it's hard to figure but we have a system now that, we essentially collect about 4 to 6%, closer to 4% of the full value of the locational value of the property. So between 4 and 100% there's a lot of leeway. Now if you collected 100% of the value that would mean basically you collect the full price of the property every year which would drive value--
Rob: That doesn't make any sense.
SB: No, so you wouldn't do that. So you would drive the price to zero which you don't want to do. But you can stop well short of that before you drive the price to zero. But the point is that we're basically letting the private developers pocket this amount of money that they haven't created and they just basically have gotten because of the community building up the value. So that's what the land value tax is supposed to collect.
Rob: Alright, we've got to wrap up.
SB: Okay, there's a lot to talk about.
Rob: Yeah, and your book does a really good job of laying it all out. I kind attacked you from different angles, but you've done an organized way of putting together in the book that's really excellent. Let's just wrap up with this. What would, if your book is successful, what will it have done?
SB: Well it would energize people and make them aware that we're not broke, that we have alternatives that people aren't thinking about and are not talked about in the media anywhere really, except alternative media. It would make them realize that they're being hood-winked, that's what happened to me when I learned these things. And that the politicians and the media are being slippery with the numbers, they're not talking about what's real. Hopefully, they'll get angry and they'll write their congressman and protest and do all the things that we need to do to get social change to reclaim what's rightfully ours.
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