Geonomics: Recovery of Site-Rents for Urban Density

Karl FitzgeraldFeaturesLeave a Comment

Jeffery J. Smith, President, Forum on Geonomics
[A paper submitted to the BSA of the AIA, 2003]

Around the world, a few dozen cities collect ground rents – some of the money that people spend or are willing to spend on a location – rather than tax buildings and other economic goods. Besides raising public revenue more efficiently, these places also motivate efficient use of urban land. No longer taxed for improving their property, while prodded by a rent levy to make improvements, owners who had been speculating or procrastinating get busy and put their once under-utilized land to better use. Overall, better land use raises density in particular and livability in general – goals that other jurisdictions still long for.

Make Poverty History

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We will never make poverty history until we rip up the tax system

Mark Braund, Saturday December 3, 2005 The Guardian

Despite the prime minister’s resolve, the year in which Britain was to lead the world in making poverty history has achieved little. This month there is one last opportunity as the World Trade Organisation gathers in Hong Kong. But even if this meeting throws up some surprises, we will end the year little closer to ending poverty. Increased aid, debt cancellation and fairer trade would certainly have some impact, but they would not address the underlying causes of poverty.

IR Reform: Unmentionable Barriers to Job Creation

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IR Reform: Unmentionable Barriers to Job Creation

The Howard government’s industrial relations agenda is supposedly about job-creation, as if the cost of labour — including wages and salaries, penalty rates and other perks, and the difficulty of reversing bad hiring decisions — were the last remaining barrier to full employment.

Sorry that we have to state the bleeding obvious, but:

* Jobs cannot be created unless the employer can pay the rent or mortgage on the business premises out of the proceeds of the business; and

* Jobs cannot be created unless the workers can pay the rent or mortgage on housing within commuting distance of those jobs, out of wages that the employer can pay out of the proceeds of the business.