This presentation looks at the cost of collecting the income tax. The IRS overhead itself represents the direct cost to the government in generating this revenue. Beside that there is the burden put on the tax payer in preparing his return, in the case of an audit there may be the cost of representation before a tax court. You also become aware of the vast amount of human resources wasted on this activity for the revenue generated.
Aren’t we all entitled to a piece of America? (Henry George School photo)
Successful land speculation (also known as “real estate investment”) is really a matter of taking for yourself the gains that belong to the community. George Menninger is one of the many who have done it, but he’s exceptional in his understanding of what he did, as well as his sympathy for his victims. He’ll explain how the bad public policy he exploited not only made him rich, but led to continued poverty, unemployment, and even the recent economic meltdown.
Menninger is a Henry George School volunteer instructor, and this stand-alone session also serves as the introduction to his modern version of Progress & Poverty. After his talk, you may, if you wish, sign up for the five-session course.
Since earliest civilizations, humans have recognized that food is a product of farmland (and, yes, pastureland, fisheries, etc) and have managed to cultivate enough land to feed themselves. Yet today we routinely convert farmland to urban use. American Farmland Trust (AFT) seek to ensure continued agricultural use of some land by buying development rights from farmers, and try to make farms more viable by facilitating community supported agriculture. The geoist fiscal reform provides an alternative way to encourage more conservative and productive use of all land. With additional material from YES! magazine about the slow food revolution, this presentation by HGS instructor Bob Jene suggests that an alliance between AFT and geoists might benefit both.
Bob Jene will examine the American Monetary Institute’s American Monetary Act, a proposed amendment to the Constitution, and compare it with Henry George’s ideas on money. Steve Zarlenga’s speech in which he shows George’s ideas on money coincide with AMI’s will also be examined and discussed. It will boil down to which is more important, Henry George’s proposed fiscal reform or Zarlenga’s monetary reform.
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.
Political Economy Book Club discusses Uncle Tom’s Cabin, “the book that inspired the abolitionist movement.” It may have been based on the real-life slave Josiah Henson, who escaped slavery and started the community Dawn in Canada which became a destination of many slaves on the underground railroad. The event is free and everyone is welcome, but RSVP is requested to 312 450 2906 or rjmatter@gmail.com.
This is a special presentation for students at DePaul, Loyola, and Dominican Universities. If you meet this requirement and you’re interested in solving the problem of poverty, you’ll get $20 (or a free course voucher if you prefer) by attending this program. RSVP is essential. Others may attend on space-available basis.
Would Rube Goldberg have been able to design a less straightforward system of funding government than the U S Federal income tax? In this presentation, HGS instructor Bob Jene looks at what it costs to collect this revenue. The direct cost to the government of operating the Internal Revenue Service is only a small part, as the burden put on the taxpayer, and the diversion of effort from productive uses, should also be considered.
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 severalsources, 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.
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.
