Ricardo's Law: House Prices and the Great Tax Clawback Scam

Ricardo's Law: House Prices and the Great Tax Clawback Scam

Fred Harrison

Language: English

Pages: 328


Format: PDF / Kindle (mobi) / ePub

Presenting insights into how income and wealth are produced and distributed, this study analyzes how, despite two centuries of capital accumulation, poverty persists in rich nations. Relying on the theories of David Ricardo—a 19th-century economist credited with developing the theory of rent—a thorough presentation of the history of this economic law, from the inscriptions on the clay tablets of ancient Babylonian merchants to statistics that portray the modern economy, is provided. Presenting readers with conceptual tools that will motivate them to reengage in the democratic process, this examination dispels the myths of contemporary fiscal policy while providing keen insights into the history, and future, of economics.

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against ideological enemies. Linguistic clarity, and respect for other people, is of paramount importance. I believe that a mature debate will lead to a profound reassessment of the world around us. On the future of the Welfare State, for example, what people actually mean when they defend the status quo is that ‘Nobody should be deprived of health and education by others’. But the Welfare State offends this principle, because of the funding tools that were bequeathed to it from the past. They

obligation on all freeholders to pay ‘gelds’ was maintained. The outcome was a monarchy with absolute power which could ignore all provincial differences of law and custom. As a result, England was united in a way that was unknown under the Saxon kings. And that kingdom would be financed out of the rents of land. The regions are not strictly comparable. Wessex, 10 shires south of the Thames, contributed about £32,000 to the total of £73,000 a year. East Anglia, which delivered £12,950, was made

plot the health and income data on the map to discover the deeper ramifications on inequality. 8.3 Poverty of Place WHY DID the Welfare State fail to unite the kingdom by equalising people’s life chances? ‘Free treatment at the point of need’ for anyone in need of medical attention was the slogan by those who sought social solidarity through progressive income taxes. The National Health Service (NHS) was launched to protect the postwar generation from the injustices of the past. Being

mouths of children is likely to disclose the truth. A social process is at work which is biased against children in the regions that do not receive their equal share of the nation’s surplus revenue. The Blair government was shocked. It launched a Dental Health Task-force in child oral health. The Department of Health acknowledged that adults in the North were twice as likely to have no teeth as those in the South.10 But the experts assembled to advise the ministry focused attention on fluoride

Nicolaus Tideman. He began his teaching career at Harvard, served as a Senior Staff Economist at the President’s Council of Economic Advisors in Washington, DC, and became Professor of Economics at Virginia Polytechnic Institute and State University. If the US government was sufficiently concerned about the well-being of its citizens to optimize the public’s revenue raising policies, average earnings per worker after taxes would have been about $4,000 higher in 2005. Within 10 years, after-tax

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