Inkwell Institute

Budget Deficit Series #4

Everyone in Washington is scrambling around trying to find the best way to lessen the deficit and work on a balanced budget…..I have been pointing out that there are a wealth of choices that NO one wants to talk about as a solution.

For years now I have tried to get more people interested in the concept of Land Value Taxation (LVT) and found an interesting article on the website,  http://www.ied.info:

By paying land (resource) rents to ourselves (socially collected) a citizenry is quintuply repaid through those continually circulating social-credits building roads, railroads, water systems, sewer systems, and electric grids (any natural monopoly) as well as fund governments, provide education, health care and retirement.

• Infrastructure and populations, not capitalists, establish the use-value of land and resources and their rental values provide the social credits to fund all essential social services (the community social-credit-process).
• Restructure to the just described honest capitalism and taxes disappear as your employed working hours and resource consumption drops by half as all enjoy a quality, secure, life.
• This requires sharing the “productive” remaining jobs and equal pay for equally-productive labor.
• Each region of the world, each nation, each region of a nation, each state, each county, each community, and each entrepreneur must have equal rights to their share of both created and saved finance capital (created money and savings). With those rights, entrepreneurs (private industry) will fill every niche within the production-distribution process.

You can follow those flows of money and commerce within this efficient economy in your head. Both the community process operating those natural monopolies and efficient private industry producing consumer products and services are fully visible.

There are answers to the money problems that we are facing as far as a country….the problem is NO one is willing to offer hard answers to hard questions….eventually, Americans will have to do the tough things if the country is to survive…..right now the country is settling for feel good slogans that accomplish absolutely nothing….but as we are witnessing those things are not working….the “real” solutions are lacking and the Congress keeps talking……

There are other ways to lessen the budget deficit without totally screwing the American people………as I have said before it would take hard choices that few politicians are willing to make….