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upload/bibliotik/F/Fred Harrison - Ricardo's Law- House Prices and the Great Tax Clawback Scam (retail).epub
Ricardo's Law : House Prices and the Great Tax Clawback Scam 🔍
Ricardo, David;Harrison, Fred Shepherd Welwyn Publishing;Shepheard-Walwyn, 2006;2012
英语 [en] · EPUB · 1.1MB · 2006 · 📘 非小说类图书 · 🚀/lgli/lgrs/nexusstc/upload/zlib · Save
描述
This book offers the first comprehensive assessment of Tony Blair's premiership and his Third Way project. It reveals the hidden flaw in the market economy which explains why politicians, of all parties, cannot keep their grand promises. Blair promised to reform the Welfare State - the pact between people and their governments to abolish the evils of poverty and ignorance. In fact, however, despite a record three election victories in a row, the gap between rich and poor widened. The reason, the author argues, is the method government relies on to raise taxes. Contrary to intention, the tax burden on low-income earners increased, while property owners have enjoyed record capital gains. The outcome is over £1trillion indebtedness which renders tens of thousands of families vulnerable to bankruptcy and the loss of their homes in the next recession. Fred Harrison reveals how taxpayers{u2019} money is channelled behind the scenes, through {u2018}the invisible hand{u2019}, from poor to rich people and from poor to rich parts of the country. Public spending, for example on roads, railways, schools and hospitals, makes a major contribution to rising land values. These benefit house and other property owners, rich ones more than poor ones, desirable locations and asset-rich parts of the country more than poor ones, but those who rent their properties do not share in the windfall gains. In fact, they have to pay rising rents. Taking Britain as a case study, Harrison escorts the reader along an old Roman road from south to north to pin-point how poverty is institutionalised in the growing divide between rich and poor. Along the way he illuminates the inner workings of tax policies and property rights that similarly afflict all market economies Tax reform is on the political agenda in the West, but politicians continue to believe their consultants who tell them that 'broad-based' taxes are necessary. Harrison challenger this conventional wisdom and explains that the market economy needs to integrate the prices charged for public services with the prices charged for all other goods and services. This model is based on people, including the rich, paying for, and in proportion to, the benefits they receive, which really would be progressive. This reform has a further benefit. It would enable the European and American economies to face the challenge of the newly emerging economies and remain competitive in the global markets of the 21st century
备用文件名
lgli/Z:\Bibliotik_\17\F\Fred Harrison - Ricardo_2527s Law- House Prices and the Great Tax Clawback Scam (retail).epub
备用文件名
lgrsnf/Z:\Bibliotik_\17\F\Fred Harrison - Ricardo_2527s Law- House Prices and the Great Tax Clawback Scam (retail).epub
备用文件名
nexusstc/Ricardo's law: house prices and the great tax clawback scam/c35466fa3c4c3ca146b68a57481fd7da.epub
备用文件名
zlib/Society, Politics & Philosophy/Government & Politics/Fred Harrison/Ricardo's Law_5974008.epub
备选标题
How the state rips you off - and what you can do about it
备选作者
Fred Harrison, FRED HARRISON
备用出版商
Shepheard-Walwyn Publishers, Limited
备用出版商
Shepheard Walwyn (Publishers) Ltd
备用版本
Independent Publishers Group, London, 2006
备用版本
United Kingdom and Ireland, United Kingdom
备用版本
Place of publication not identified, 2006
备用版本
LONDON, Unknown, 2006
备用版本
November 30, 2006
备用版本
London, c2006
元数据中的注释
lg2681751
元数据中的注释
{"isbns":["0856832413","9780856832413"],"publisher":"Shepherd Welwyn Publishing;Shepheard-Walwyn"}
备用描述
Annotation ' ... without a knowledge of [the law of rent], it is impossible to understand the effect of the progress of wealth on profits and wages, or to trace satisfactorily the influence of taxation on different classes of the community & lsquo; David Ricardo. When New Labour came to power it was on a wave of enthusiasm, based on the belief that, by abandoning Clause 4 and embracing humane market economics, they could usher in a more equitable social order - Blair & rsquo;s & lsquo;Third Way & rsquo;. After three terms in office, they failed. The reason, Harrison reveals, is a hidden flaw in the market economy, which means that governments of all parties, who rely on the present tax system, transfer money from people on the lowest incomes to asset-rich investors. This was not the intention of the designers of the Welfare State: & lsquo;progressive taxation & rsquo; was supposed to equalise people & rsquo;s life-chances. The reality emerges as the author traces the effect of taxes used to pay for public services. The process has remained unrecognised because the transfer operates unseen through the & lsquo;invisible hand & rsquo; of market forces. Harrison exposes how this works by analysing the property market. Owners of high-value homes recoup what they pay in taxes through rising property prices. Much of this increase is the result of tax-funded state spending on infrastructure and public services - good state schools, for example, can add £20/30,000 to house prices. Lower-income earners, living in less desirable locations, and families who rent their homes, do not share this windfall. This is why the gap between rich and poor, and rich areas and poor areas, continues to widen, defeating the best intentions of governments. This outcome is not the result of market failure, as many argue, but the failure of governance. Economists and policy-makers choose to ignore the Law of Rent, also known as Ricardo & rsquo;s Law after the economist who provided the first scientific explanation of how it works
备用描述
Presenting insights into how income and wealth are produced and distributed, this study analyzes how, despite two centuries of capital accumulation, poverty persists in rich nations. Relying on the theories of David Ricardo—a 19th-century economist credited with developing the theory of rent—a thorough presentation of the history of this economic law, from the inscriptions on the clay tablets of ancient Babylonian merchants to statistics that portray the modern economy, is provided. Presenting readers with conceptual tools that will motivate them to reengage in the democratic process, this examination dispels the myths of contemporary fiscal policy while providing keen insights into the history, and future, of economics.
备用描述
"Ricardo's Law' provides a rational explanation of why, despite two centuries of capital accumulation, poverty persists in the rich nations - even with a 'welfare state' funded, in theory, on the basis of 'to each according to his needs; from each according to his means."
备用描述
Fred Harrison. Includes Bibliographical References (p. 300-304) And Index.
开源日期
2020-07-26
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