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Industrial development can be promoted without creating poverty by using the tax code to eliminate any after-tax speculative super profits in real estate and fi

Industrial development can be promoted without creating poverty by using the tax code to eliminate any after-tax speculative super profits in real estate and finance and non-industrial sectors so that investors are forced to put their money into the real economy. Then by using financial regulations to require loans which expand quantity of legal tender in circulation to be issued on security of the replacement cost of tangible industrial capital, structures, plant, and equipment values rather than on security of the present value of future property rents. Then by replacing regressive sales, consumption, and payroll tax with a distributive ground rent tax on property owners. Promoting industrial development through regressive taxes and wage suppression is only the aristocratic form of industrialization pursued by right-wing governments when they are unwilling to eliminate after tax ground rents and non-industrial super profits enjoyed by the rich.

tobmlt 5y ago
Hi, I have a question if you have time at some point: When you say “ Then by using financial regulations to require loans which expand quantity of legal tender in circulation to be issued on security of the replacement cost of tangible industrial capital, structures, plant, and equipment values rather than on security of the present value of future property rents.” This is interesting to imagine, but how? (Sorry if it’s a stupid-obvious question, but I am earnest in asking it. Perhaps I am stupid tonight.) I could certainly see regulation to kill the “future rents/superprofits industry” but not quite sure how to require loans for ... call it the future-tangible-industry-industry? Also sorry this question is formulated in such a round about way. Gleeful aside: Me thinks the status quo elite would not like it. ;) Finally; I am happy to do research -> how might you suggest I google my way into this viewpoint most directly?
- cinquemb 5y ago
  > This is interesting to imagine, but how? I ask the same question too, because when people speculate on computing: > security of the present value of future property rents often > replacement cost of tangible industrial capital, structures, plant, and equipment values Are often included included in the models because often this is the collateral that can actually have a liquid market value in the event of liquidation, but this is also subject to market conditions at the time this needs to be liquidated and the cost of actually liquidating. Not to mention it would lower loan values since other non tangibles are often considered (IP, investor sentiment on corporate managers executing any given strategy, market conditions, etc).

tobmlt 5y ago

Hi, I have a question if you have time at some point: When you say “ Then by using financial regulations to require loans which expand quantity of legal tender in circulation to be issued on security of the replacement cost of tangible industrial capital, structures, plant, and equipment values rather than on security of the present value of future property rents.” This is interesting to imagine, but how? (Sorry if it’s a stupid-obvious question, but I am earnest in asking it. Perhaps I am stupid tonight.) I could certainly see regulation to kill the “future rents/superprofits industry” but not quite sure how to require loans for ... call it the future-tangible-industry-industry? Also sorry this question is formulated in such a round about way. Gleeful aside: Me thinks the status quo elite would not like it. ;) Finally; I am happy to do research -> how might you suggest I google my way into this viewpoint most directly?

cinquemb 5y ago
> This is interesting to imagine, but how? I ask the same question too, because when people speculate on computing: > security of the present value of future property rents often > replacement cost of tangible industrial capital, structures, plant, and equipment values Are often included included in the models because often this is the collateral that can actually have a liquid market value in the event of liquidation, but this is also subject to market conditions at the time this needs to be liquidated and the cost of actually liquidating. Not to mention it would lower loan values since other non tangibles are often considered (IP, investor sentiment on corporate managers executing any given strategy, market conditions, etc).