Earth Sharing 🏚️ + 🔰 = 🌄 & 🌇

Earth Sharing is an independent, non-partisan initiative of the Robert Schalkenbach Foundation (@Schalkenbach), a non-profit organization based in New York City

[Earth Sharing 🏚️ + 🔰 = 🌄 & 🌇 @EarthShareOrg]

"Light shineth in darkness, though darkness comprehendeth it not. A truthful, fruitful idea cannot be exterminated. Sooner or later the truth will burn through the veils by which it is hidden, and will begin to light the whole world. Such is the idea of Henry George"
—#LeoTolstoy

[Geoliberal🔰 🇨🇦 🇦🇺 🇳🇿 🇬🇧 @Land_Liberty]

Good. Collecting resources rents and tackling corruption should be the priority. Botswana has achieved a higher GDP per capita than China by doing this, Angola could too.

[Earth Sharing 🏚️ + 🔰 = 🌄 & 🌇 @EarthShareOrg]

Or you are forgetting that producers and retailers will pass on Yang's sales taxes to consumers in higher prices, and that many people will lose their jobs because of the higher taxes, and that landlords who rent to the poor will demand more.

[Scott Santens @scottsantens]

If you can look at these two graphs, understand them, and still believe Yang's UBI is anything but hugely progressive, it's possible there's something you care more about than circulating money from those with the most to those with the least.

https://t.co/4MT8Kf7zM7 #Yang2020

[Earth Sharing 🏚️ + 🔰 = 🌄 & 🌇 @EarthShareOrg]

@scottsantens The drop in retail prices is momentary, because everyone gets dividends at once, so stores try to convince people to make big purchases instead of saving. And rents in Alaska rise and fall with changes in the dividends, so must of that value goes to landlords.

[Earth Sharing 🏚️ + 🔰 = 🌄 & 🌇 @EarthShareOrg]

@JamesRobichaux @MatthewDownhour Yes, because UBI in no way decreases the VAT. It also has no direct relationship to the negative externalities of consumption. So it punishes all workers who add value and all consumers who want access to nice things, but it does not tax pollution.

[Earth Sharing 🏚️ + 🔰 = 🌄 & 🌇 @EarthShareOrg]

@deanbc Please send us a link.

[Earth Sharing 🏚️ + 🔰 = 🌄 & 🌇 @EarthShareOrg]

List #Georgist economists who predicted "housing" & financial crises correctly (or incorrectly, if you find any), meaning they named *specific* times they would happen. It's one of the great untold stories in economics. Help tell it.
#LVT/#AGR #LandValueTax #georgism #HenryGeorge

[Earth Sharing 🏚️ + 🔰 = 🌄 & 🌇 @EarthShareOrg]

@kiltedgeorgist @scottsantens @TheodoreFurness @iouwon @geoliberal We picked up the idea here also
https://t.co/ti1onhRGju

[Earth Sharing 🏚️ + 🔰 = 🌄 & 🌇 @EarthShareOrg]

@agr_slrg To partly fund these prizes and to discourage patent trolls (land speculators), we should also ask companies to self-assess the value of their patent privileges. Each year the government would charge a rate (ideally increasing geometrically over time) on that self-assessment.

[Earth Sharing 🏚️ + 🔰 = 🌄 & 🌇 @EarthShareOrg]

@kiltedgeorgist @scottsantens @TheodoreFurness @iouwon @geoliberal He proposed self-assessment of patents, with a tax starting at zero or one percent, and then increasing (possibly exponentially) that rate each year.

[Earth Sharing 🏚️ + 🔰 = 🌄 & 🌇 @EarthShareOrg]

@kiltedgeorgist @scottsantens @TheodoreFurness @iouwon That was @geoliberal

[Cllr Theodore Furness🌄🔰🌹 @TheodoreFurness]

1. land value tax
2. Taxes on IP and Patents
3. Pigovian taxes
4. No other taxes needed.

[Jason Hickel @jasonhickel]

Definitely time for a Land Value Tax and basic income! I lay out the case here: https://t.co/XqJVsbRlkV

[Earth Sharing 🏚️ + 🔰 = 🌄 & 🌇 @EarthShareOrg]

@SmallClanWoman Earthsharing

[Earth Sharing 🏚️ + 🔰 = 🌄 & 🌇 @EarthShareOrg]

@GeolibGeorge @Mark_Wadsworth @ekklesiagora @iouwon @bufordsharkley @landandliberty @AndrewYang The point of our reply was to correct any misunderstanding here, to clarify that consumer prices do eventually rise after producers are hit.
https://t.co/r274qcPGG0

[Earth Sharing ��️ + 🔰 = 🌄 & 🌇 @EarthShareOrg]

Is Yang is making a common mistake?

Follow Henry George's lead with this thought experiment: would the cost of "housing" become any cheaper if houses could be built instantly at zero cost?

The answer is not obvious. There is even good reason to think that rent cost would rise.

[Andrew Yang🧢⬆️🇺🇸 @AndrewYang]

Just visited a prototype for affordable housing units made out of shipping containers that cost about $35,000 each. Very comfortable.

[Earth Sharing 🏚️ + 🔰 = 🌄 & 🌇 @EarthShareOrg]

@GeolibGeorge @Mark_Wadsworth @ekklesiagora @iouwon @bufordsharkley @landandliberty @AndrewYang Producers are however *technically* facing all the direct burden.

[Earth Sharing 🏚️ + 🔰 = 🌄 & 🌇 @EarthShareOrg]

@GeolibGeorge @Mark_Wadsworth @ekklesiagora @iouwon @bufordsharkley @landandliberty @AndrewYang Point of clarification: VAT does raise consumer prices eventually, except in cases where it makes consumers so poor that declines in demand exceed the rising cost of production on prices. In that way, we can say that consumers certainly do face much of VAT's tax incidence.

[Earth Sharing 🏚️ + 🔰 = 🌄 & 🌇 @EarthShareOrg]

@GeolibGeorge @Mark_Wadsworth @ekklesiagora @iouwon @bufordsharkley @landandliberty @AndrewYang The meaning of "direct" ; )

[Earth Sharing 🏚️ + 🔰 = 🌄 & 🌇 @EarthShareOrg]

@Mark_Wadsworth @GeolibGeorge @ekklesiagora @iouwon @bufordsharkley @landandliberty @AndrewYang Ya, but it is also confusing, even for trained economists.

[Earth Sharing 🏚️ + 🔰 = 🌄 & 🌇 @EarthShareOrg]

@GeolibGeorge @ekklesiagora @iouwon @Mark_Wadsworth @bufordsharkley @landandliberty @AndrewYang The firms that cannot afford the new cost cut back on production or close entirely, reducing supply, which results in higher prices. It is only an indirect result. You can graph it out on paper to see.

[Earth Sharing 🏚️ + 🔰 = 🌄 & 🌇 @EarthShareOrg]

@GeolibGeorge @ekklesiagora @iouwon @Mark_Wadsworth @bufordsharkley @landandliberty @AndrewYang https://t.co/7Hmo4mpUeO

[Mark Wadsworth - Shared Ground🔰 @Mark_Wadsworth]

@EarthShareOrg @ekklesiagora @iouwon @bufordsharkley @landandliberty @AndrewYang Yes, but only indirectly and after the economy has contracted.

[Earth Sharing 🏚️ + 🔰 = 🌄 & 🌇 @EarthShareOrg]

@Mark_Wadsworth @ekklesiagora @iouwon @bufordsharkley @landandliberty @AndrewYang That's right.