Events

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.

America’s only Political Economy Book Club discusses Candide, Voltaire’s 1759 masterpiece that ridicules religion, theologians, governments, armies, philosophies and philosophers through allegory.  As Jean Starobinski notes,”The fast-paced and improbable plot—in which characters narrowly escape death repeatedly, for instance—allows for compounding tragedies to befall the same characters over and over again.”

It’s only a hundred pages or so depending on the translation and format, and is available in English translation free from Project Gutenberg  (in several formats) as well as from the Internet Archive, where there is also an audiobook. 

PEBC coordinator Bob Matter would appreciate an RSVP, if possible, from those planning to attend.

This session introduces Progress & Poverty, including an overview of what we cover in the course. Even if you don’t plan to take the full course, you can expect this introductory session to help you gain a new and useful perspective on today’s problems of wealth concentration, poverty, and lack of opportunity.

America in the 1870s faced increasing poverty, rising unemployment, rule by an elite and their corporations– many of the same problems we’re experiencing today.  Henry George described the cause of these problems and proposed a remedy which is even more applicable today than it was in his time. His book Progress & Poverty, perhaps the best-selling nonfiction book of the 19th century, presented his analysis and solution.

In this “classic” version of the course, students are encouraged to read the original 1879 text, and/or modern summaries and supplements, and to evaluate what George says against their own experience and understanding. You’ll gain a new understanding of how the economy works, which public policies promote liberty and prosperity, and which don’t.

Class meets every Tuesday, beginning 6:15PM on January 19, ending March 22.  More information about the course is here and here. Pre-registration is helpful but not required.

In commemoration of “tax day,” the hypothetical due date for Federal and State personal income tax returns, we’ll discuss a sensible proposal by a man who understood the danger of an income tax: Henry George.  In this free introductory session, we’ll review the problems George saw in his time, and discuss how they persist today.  We’ll outline what he proposed to do about them, how his recommendations apply today, and provide an overview of the Progress & Poverty course.

The course continues on Friday afternoons thru May 20. Should  you choose to enroll, there will be a $25 registration fee.