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OpEdNews Op Eds    H2'ed 6/28/09

A new form of Capitalism: Geonomics

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Let's make a deal with all the fossil fuel companies, CAFOs, mining
companies, and all other resource-intensive industries.  We'll untax
their profits IF they agree to pay true costs for resources (which,
rightfully, really belong to all of us; Exxon didn't make the oil in
the ground, did it?), as well as pollution, land use and whatever else
they don't actually produce, but merely take from nature. 
Geonomic idea would discourage the waste of resources, end land and
commodity speculation on the markets by taking away the "fuel" for it
in the form of taxes which would be returned to the community, free up
innovation by untaxing true productive operations, and vastly reduce
pollution by finally taxing these "externalities."  It would also end
most poverty and wealth inequity by ending monopoly rights on income
from non-manmade resources via a Single Tax on these, while rewarding
true innovation and productivity by untaxing wages and capital.  In Al
Gore's vernacular, "Tax what you burn, not what you earn."

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Scott Baker is a Managing Editor & The Economics Editor at Opednews, and a former 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 a former and current President of Common Ground-NY (, a Geoist/Georgist activist group. He has written dozens of (more...)

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