It's about time someone proposed a Geonomic solution. This is the basic flaw of our current version of capitalism: it rewards speculators who produce nothing, while taxing people who do produce through their wages and capital (real capital, like tractors, trucks and buildings). I'm surprised Al Gore got behind Cap 'n Trade, since his motto is (correctly), "Tax what you burn, not what you earn." This bill accomplishes neither. |
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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:
http://www.americaisnotbroke.net/
Scott is a former and current President of Common Ground-NY (http://commongroundnyc.org/), a Geoist/Georgist activist group. He has written dozens of (more...)