An evening with Bob Jene to compare the Georgist fiscal reform to the TARP bailout, “Fair Tax,” Flat Tax, Bush tax cuts and government money creation. A gist of each proposed or attempted solution to the “great recession” will be given including QE I, QE II and QE III. Attendees will rank the proposed remedies on a scale of 1 to 10 based on 8 criteria.
An injudicious tax offers a great temptation to smuggling. But the penalties of smuggling must rise in proportion to the temptation. The law, contrary to all the ordinary principles of justice, first creates the temptation, and then punishes those who yield to it…
— Adam Smith
Book V of Adam Smith’s classic is entitled “Of the Revenue of the Sovereign or Commonwealth,” includes the above as well as many thoughtful passages about what we nowadays call public finance. Our Political Economy Book Club will discuss this final part of Wealth of Nations on Wednesday, November 12. You can download or read the book on line from several sources, borrow it from many public libraries, or purchase a copy inexpensively.
For further information or to let us know you’re coming, email PEBC coordinator Bob Matter or call 312 450 2906.
We sometimes describe Henry George’s fiscal proposal as a “smart tax,” unlike the inefficient anti-prosperity taxes that fund most government programs today. Similarly, there can be “smart” transit facilities, which are distinguished from dumb ones because they are cost less and provide more service. Perhaps the most prominent recent smart transit proposal is the CTA Gray Line, whose creator, Mike Payne, will be our speaker tonight.
From the CTA Gray Line web page:
Launching the Gray Line would provide a brand new CTA Rapid Transit (‘L’) service (on EXISTING facilities) to Grant Park, the Museum Campus, the newly renovated Soldier Field, and McCormick Place (with a connected station under the McCormick Place South Bldg.)
Also service to Bronzeville, Hyde Park, the Museum of Science & Industry (with an ADA compliant station 1 1/2 blocks away), the University of Chicago, Woodlawn, South Shore, South Chicago, Chatham, Chicago State University, Pullman, Roseland, Blue Island, and Hegewisch; again almost all Gray Line facilities are in place, and operating RIGHT NOW TODAY.
. . .
There is N O need for costly and time consuming design and engineering, right-of-way acquistion, condemnation, demolition, clearing, materials acquisition, delivery, and major construction; the CTA Gray Line ‘L’ System could be up and providing CTA ‘L’ service to the Far South Side WITHIN O N E YEAR, rather than waiting until 2016 for completion of the Red Line Extension.
Come to this free presentation to meet and question a prominent transit activist, and think about what could be done with all the public money saved by smart projects like the CTA Gray Line.
An evening with Bob Jene to compare the Georgist fiscal reform to the TARP bailout, “Fair Tax,” Flat Tax, Bush tax cuts and government money creation. A gist of each proposed or attempted solution to the “great recession” will be given including QE I, QE II and QE III. Attendees will rank the proposed remedies on a scale of 1 to 10 based on 8 criteria.
An evening with Bob Jene to compare the Georgist fiscal reform to the TARP bailout, “Fair Tax,” Flat Tax, Bush tax cuts and government money creation. A gist of each proposed or attempted solution to the “great recession” will be given including QE I, QE II and QE III. Attendees will rank the proposed remedies on a scale of 1 to 10 based on 8 criteria.
As farmland yields to “higher-value” uses, how (and how well and how inexpensively) will we eat? Bob Jene reviews data from a leading agricultural preservation organization, the American Farmland Trust (AFT). Among other things they buy development rights from landowners to insure continued farming use, and attempt to facilitate community supported agriculture which makes family farms more viable. A Georgist fiscal reform encourages more conservative and productive use of all land and reduces sprawl, thus preventing encroachment on farmland. An alliance with AFT would benefit us both.
“The purpose of Newspeak was not only to provide a medium of expression for the world-view and mental habits proper to the devotees of IngSoc, but to make all other modes of thought impossible. It was intended that when Newspeak had been adopted once and for all and Oldspeak forgotten, a heretical thought – that is, a thought diverging from the principles of IngSoc – should be literally unthinkable, at least so far as thought is dependent on words.“
— George Orwell
Something like this has happened to the field of economics, says Dan Sullivan. Terms which had clear meanings to Adam Smith, J S Mill, and other classical economists have got distorted and redefined– or obliterated– to prevent serious discussion of economic issues. Going back to the roots of political economy, Dan suggests the real point of a proper science of economics would be to efficiently satisfy the desires of the people, both individually and collectively.
Dan will help us distinguish between “rights” and “privileges,” “investments” and “acquisitions”, and several distinct concepts that all get called “wealth.” He’ll address the difference between “means of production” and “capital,” and differentiate “human capital” from modern slavery.
You can understand today’s economic issues such as minimum wages, tax policy, international trade, housing costs, and unemployment, but only if you have a clear idea of the fundamental terms. These terms can be readily comprehended by ordinary people and do not lead to any particular “left” or “right” public policy, but they facilitate informed communication.
There will of course be time for questions and discussion.
Based in Pittsburgh, Dan Sullivan is a popular speaker on economic issues, and Director of Saving Communities