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November 24, 2013

Cheating and the Corporate Cannibals

By Scott Baker

(Video & Slideshow) I met with long-time Finance and Land reporter, Fred Harrison: Research Director of the London-based Land Research Trust, in New York City, a couple of months ago. We talked about the vast wealth inequities allowed by land monopolizers and rent-avoiders like Goldman Sachs. The cost in New York City alone is in the billions. Worldwide, it is in the trillions.

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I met with long-time Finance and Land reporter, Fred Harrison: Research Director of the London-based Land Research Trust, in New York City, a couple of months ago.  We talked about the vast wealth inequities allowed by land monopolizers and rent-avoiders like Goldman Sachs. 

Goldman Sachs struck a deal with politicians to avoid paying property tax. Subsidized by the small businesses and home owners of New York City, the financiers are enriched, leaving the homeless searching for shelter at night. I argued that it doesn't make economic sense.  Fred Harrison simply calls it cheating.

Whatever you call it, it amounts to billions lost by New York City alone, and trillions worldwide.

A video of our efforts follows:

Expanding outward to the country at large, Georgist economist and Fred Harrison's sometime collaborator, Mason Gaffney, explains the loss of economic rent further.  US Governments could scrap their bad taxes and fund public services out of community-created rents. Another professor of economics, Nicolaus Tideman, calculates that income of the average American family would rise by $6,300. And yet, governments refuse to audit their fiscal performance to disclose the negative impact of political decisions on the economy. This denies citizens the information needed to make informed choices at elections.

Harrison has more videos in this series here:
http://www.youtube.com/user/sharetherents

For more information on Harrison's campaign, go to: http://www.sharetherents.org/

For further information on New York City's particular arrangements that leave working people paying a much higher percentage in property taxes than billionaires, see this slideshow I presented at the Henry George School (video pending) on similar and even more egregious examples of rent-seeking.  I promise, you'll never think of property taxes the same way again.



Submitters Website: http://newthinking.blogspot.com/

Submitters Bio:

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:

http://www.americaisnotbroke.net/

Scott is a former President of Common Ground-NYC (http://commongroundnyc.org/), a Geoist/Georgist activist group. He has written dozens of articles for Common Ground's national publication, GroundSwell, and has advocated for the Georgist Land Value Tax to public and political audiences.

A complete list of his publications can be found here:

http://www.cooperative-individualism.org/georgists_unitedstates-ba-be.htm



He is also New York State Coordinator for the Public Banking Institute

http://www.publicbankinginstitute.org/find_a_chapter, which seeks to promote Public Banking. The PBI is chaired by another OEN blogger, Ellen Brown.
Scott has appeared on TV/Radio and in in-person Presentations to explain the principles of Georgism, Greenbacking, and State Banking. These may also be found on his personal blog: http://newthinking.blogspot.com/


Scott has a dozen progressive petitions on Change.org which may be found here:

http://chn.ge/10nUAmJ

Scott was an I.T. Manager for a major New York university for over two decades where he earned a Certificate for Frontline Leadership.


He had a video game published in Compute! Magazine: http://www.atarimagazines.com/compute/issue55/dark.php

Scott is a graduate and adjunct faculty of the Henry George School of Social Science in New York City.


Scott is a modern-day Renaissance Man with interests in economics, science and all future-forward topics.

He has been called an "adept syncretist" by Kirkus Discoveries for his novel, NeitherWorld - a two-volume opus blending Native American myth, archaeological detail, government conspiracy, with a sci-fi flair http://amzn.to/10nUoDV


Scott grew up in New York City and Pennsylvania. He graduated with honors and a Bachelor's degree in Psychology from Pennsylvania State University and was a member of the Psychology honor society PSI CHI.

Today he is an avid bicyclist and ride co-leader in a prominent bike advocacy organization.

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