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The time has come

William Thompson wrote An Inquiry into the Principles for the Distribution of Wealth Most Conducive to Human Happiness in 1824 in which he talked about the failure to connect the political economy to the study of theology, philosophy and science (Hat tip to John for this reference).

In 1879 Henry George wrote how the private appropriation of land led to misery and abject poverty within a thriving economy. A hundred years ago, Lloyd George and Winston Churchill were staunch advocates of taxing the full value of land but vested, land owning interests suppressed the initiative and Land Value Tax (LVT) was expunged from academic discourse.

More recently, interest in this fundamental economic issue has revived with the help of people like Fred Harrison who's written many books on the subject including The Traumatised Society. Taxing land is gaining traction as a political issue and is now treated seriously in the financial press.

The Coalition for Economic Justice has just released an excellent 30 minute video which explains why we need to tax the surplus value of land and remove taxes on employment and enterprise. Among the many benefits, It would eliminate tax avoidance, evasion and offshore tax havens.

The Taxing Question of Land (30 min video)
Hat tip to Peter, Anthony and John for this

Taxing the surplus value of land won't, of itself, cure all the problems we face but it will go a long way towards removing the distortions within the economic system and aligning the political economy with morality and logic. Abolition of interest on money and a citizens income for all would address the remaining fundamental flaws in the economic system. (See Economics to Save our Civilisation)

Why Syria?

Irrespective of what we are told by politicians and the media, all wars are driven by the economic interests of banks and the ruling elites. Syria is no different.

"The powers of financial capitalism had another far reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole." — Prof. Caroll Quigley, Georgetown University, Tragedy and Hope (1966)

Making the World Safe for Banksters By Ellen Hodgson Brown
Syria in the Cross-hairs


Truth and lies

It is some 60 years since the British government engineered the removal of the democratically elected government of Iran to protect the interests of BP, with the help of the CIA.

When a Democracy attacked another Democracy;1953 in Iran, the Commi Terror Threat & BP by Damiaan Luc
Hat tip to Dan for this

Governments habitually lie and deceive. They've lied consistently over Iran's nuclear weapons capability. They lied over Saddam Hussein's WMD in Iraq and imposed collective punishment on the Iraqi people, a crime under the Geneva conventions. When that didn't work the "coalition of the willing" went to war on Iraq.


Runnymede Gazette August 2013

The August edition of the Runnymede Gazette is now available: