Geonomics and the true cost of poverty

by Scott Baker
www.opednews.com


Why are there so many poor people when the world seems so much wealthier as a whole? By wealthier, I mean there is more food, more housing (and bigger, better housing too), more of everything, in fact. I'll get to the obvious misdistribution and the true remedy in a moment, but would point out here that this question is not new; in fact, it was asked, and brilliantly answered by Henry George, a Political Philosopher who wrote the answer - and debunked all the others - in his earth-shattering book, Progress and Poverty, written in 1879, which sold 2 million copies in its first year (1879!) and remains the best-selling economics book of all time (it is still very much in print, as are George's other 8 books).

It is no coincidence the poor are often forced to live on marginal, polluted land. In fact, Henry George - really, the father of the Geonomics school of thought - predicted it. It's easy to see why: if someone owns the best land - and this ownership is backed up by legal and physical means (i.e. police, the justice system etc.), then other people will have no choice but to either agree to work on that land (and by 'land' I, and George, mean any natural resources - oil, water, land itself etc.), or to try to eke out a living on marginal, less productive land.

The injustice springs from the fact that neither party actually created the land, nature did. The land 'owner' should pay rent (in the form of land value taxes) to work the land, profiting from actual improvements, but paying the value of the raw resource back to the community, who rightfully owns the resource to begin with.

If you think of all the billions and billions made by speculators in oil, water, actual land, commodities, and all the other products of nature - none of which had to do with any actual production (as we speak, supertankers are moored off the coast of Africa, rented by Goldman Sachs and Morgan Stanley, just waiting with their cargoes full of oil, until the price goes up again - this is the playbook they employed last summer, and which is now fully legal thanks to deregulation begun under Clinton and embraced warmly under Bush II). Exxon made tens of billions in profit chiefly because of the price of oil, not because they suddenly discovered how to refine superior oil and gas. Exxon could, and should, still be able to make a profit - even after the true (and considerable) cost of pollution and land use and abuse was factored in as well - but it wouldn't be anywhere near the obscene levels guaranteed by oil that spiked at $147/barrel last summer (in percentage terms, Goldman and Morgan Stanley made much more, and they didn't refine a drop of oil).

As for the poor, they are poor chiefly because the monopolizers control the world's resources, leaving nothing for the poor to labor upon. True wealth (not the funny stuff that goes across Wall Street screens) is created by Labor + Land + (optionally and usually) Capital. You can create wealth without capital, but it's a heck of a lot harder; I could build a bridge across a river with just trees, stones, and mud (that is, natural resources, or 'Land') and my (considerable) labor, but it would sure go a lot easier if I had access to a tractor and a crane or two (this is true capital; money is NOT capital, it is only a medium of exchange).


Neither labor nor capital would be taxed under a Geonomic system. You can see pretty quickly what kinds of work opportunities this would free up. Imagine if you could take a $40,000/year job, and not pay taxes on your wages. Wouldn't that be a lot more attractive than taking a $40,000/year job, which nets to only $30,000 after wage taxes are figured in? Of course, you would be paying more in resource taxes - from gas to land, if you owned your own home, but you have to pay most of that anyway, and the really large amounts of resource taxes would fall on those individuals and businesses that owned the most resources, encouraging them to utilize those resources, or sell them off to someone who could.

The myth that has been perpetuated by Milton Friedman, the Chicago School, and adherents of former President, Ronald Reagan, is that capital (including their misidentified 'money' or 'debt' as capital) somehow creates wealth by employing labor. As I just showed in my bridge-building example, labor comes first. We labor to satisfy our desires (for food, clothing, shelter, etc.). The 'money' we are paid is just a convenient means to obtain that which satisfies our desires (e.g. it's easier to find someone willing to accept money in exchange for food than to accept my labor as a bridge-builder).

All the capital in the world won't build a bridge if labor is unable or unwilling to work.

>>>>>> CLICK HERE TO READ FULL ARTICLE

_________________________________________________________________________________

FAIR USE NOTICE

This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of issues of ecological, political and humanitarian significance. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes.

Views: 71

Comment

You need to be a member of 12160 Social Network to add comments!

Join 12160 Social Network

"Destroying the New World Order"

TOP CONTENT THIS WEEK

THANK YOU FOR SUPPORTING THE SITE!

mobile page

12160.info/m

12160 Administrators

 

Latest Activity

Doc Vega commented on Doc Vega's blog post Was a Planned Civil War Averted?
"cheeki kea, you are spot on. The old guard is about to collapse! "
14 hours ago
Doc Vega commented on Doc Vega's blog post Alligator Creek and a Japanese Massacre
"cheeki kea, the Japanese thought they could expand their empire and exact enough damage on the US…"
14 hours ago
Michelle Reichert favorited Burbia's video
yesterday
cheeki kea posted a video

NEW DOCUMENTARY - Dissent Into Madness

TRANSCRIPT AND SOURCES: https://www.corbettreport.com/dissent-into-madness/What if the delusions of the dissidents are in fact real? What if their paranoid f...
yesterday
cheeki kea commented on Doc Vega's blog post Alligator Creek and a Japanese Massacre
"Japan served themselves up no favours by inching out into the South Pacific as they soon found out.…"
yesterday
cheeki kea commented on Doc Vega's blog post Was a Planned Civil War Averted?
"Their plans did not work out because we are the news now, and the old news is the enemy. "
yesterday
Doc Vega posted a blog post

Alligator Creek and a Japanese Massacre

The year is 1942 just a few months after the Pearl Harbor disaster. Despite losses suffered by the…See More
Tuesday
Doc Vega commented on Burbia's video
Thumbnail

CHARLIE KIRK WAS CNP! JOSH REEVES 9-11-25

"With all due respect this guy comes off as a drunken asshole and he didn't even  know who…"
Monday
Doc Vega posted a blog post

Was a Planned Civil War Averted?

We are living in sadly historic times where good and evil are in battle all the time. Not that this…See More
Sunday
Sandy posted a photo
Sunday
Less Prone posted a video

President Trump addresses U.N. General Assembly - FULL SPEECH

President Donald Trump speaks at the United Nations General Assembly in New York City.Full video here: https://www.c-span.org/event/white-house-event/preside...
Sunday
Burbia posted a video

2 MIN AGO: Western Provinces MAJOR New WEXIT Announcement - Canada EXPLODES!

In a stunning turn of events, Western provinces just made a major new WEXIT announcement — and it’s shaking the foundations of Canadian unity. Is Western sep...
Saturday
Doc Vega posted a blog post

How You Provoke a Civil War

In the world of counter intelligence which is simply one aspect of many pertaining to asymmetrical…See More
Sep 26
Burbia commented on Burbia's video
Thumbnail

CHARLIE KIRK WAS CNP! JOSH REEVES 9-11-25

"I don't follow as much with Josh Reeves than I use to. He seems to be a documentary producing…"
Sep 25
Burbia posted a video

CHARLIE KIRK WAS CNP! JOSH REEVES 9-11-25

DONATE-paypal-dayglow76@yahoo.comCashapp-reevesradioVenmo-Josh-Reeves-61FILMS AND AUDIOBOOKS DOWNLOAD STORE-https://store.payloadz.com/results/242828-josh-re...
Sep 25
Doc Vega posted blog posts
Sep 25
tjdavis posted a video

CHARLIE KIRK VIDEO THAT KEEPS GETTING REMOVED OFF OF SEVERAL PLATFORMS

I had not planned to share this publicly, but I believe Advar, who spoke with Charlie Kirk while I was very ill, would have wanted me to. After my interview ...
Sep 25
pohonemas33 team commented on Chris of the family Masters's photo
Thumbnail

Gold-Coast-Message

"untuk bermain slot, kamu cukup kunjungi situs kacang99 pasti langsung gacor"
Sep 24
Doc Vega posted blog posts
Sep 24
Burbia posted a blog post

Former President Trump?

When was this article written? It is attributed to Victor Davis Hanson. He is a Fellow at Hoover…See More
Sep 22

© 2025   Created by truth.   Powered by

Badges  |  Report an Issue  |  Terms of Service

content and site copyright 12160.info 2007-2019 - all rights reserved. unless otherwise noted