Comments on: Cancel the unjust debts of Third World countries by creating an international debt tribunal http://www.howtoliveinthe21stcentury.org.uk/submissions/cancel-the-unjust-debts-of-third-world-countries-by-creating-an-international-debt-tribunal Sat, 11 Sep 2010 04:05:03 +0000 http://wordpress.org/?v=2.6.2 By: David Chester http://www.howtoliveinthe21stcentury.org.uk/submissions/cancel-the-unjust-debts-of-third-world-countries-by-creating-an-international-debt-tribunal#comment-17331 David Chester Thu, 12 Mar 2009 15:58:01 +0000 http://www.howtoliveinthe21stcentury.org.uk/?p=532#comment-17331 The poverty of the indebted countries is as much in the government as in the money-flow. Had these governments been aware of how else they could have become prosperous without incurring debt, then they would have fared better. The reason for borrowing was theoretically so as to acquire more capital goods needed for efficient production. This could be better achieved in all countries by a strong control of speculation particularly on land values. With taxation of land values the speculation would have been eliminated and the money been found available for the same purchases abroard, whilst permitting the greater use of land which could no longer be treated as capital goods (which it is not). Land speculators take national infrastructure utillity for free and then don't use it properly. TAX TAKINGS NOT MAKINGS. The poverty of the indebted countries is as much in the government as in the money-flow. Had these governments been aware of how else they could have become prosperous without incurring debt, then they would have fared better. The reason for borrowing was theoretically so as to acquire more capital goods needed for efficient production. This could be better achieved in all countries by a strong control of speculation particularly on land values. With taxation of land values the speculation would have been eliminated and the money been found available for the same purchases abroard, whilst permitting the greater use of land which could no longer be treated as capital goods (which it is not). Land speculators take national infrastructure utillity for free and then don’t use it properly.

TAX TAKINGS NOT MAKINGS.

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