Far to much FAD politics built in to this CA bank purpose. It's simple, reduce costs, fees in private , Wall street asset managers, banking monopolies ,to reduce taxations to citizens and business. Period. Increase community wealth . Your Grandiose vision to right the wrongs of past centuries is impossible. You have no intention of solving the destructive regressive excessive taxation by gov.. How about correcting that injustice ?
Quick question: say a municipality puts its tax receipts in its public bank. Given reserve and capital requirements, what multiple of the tax receipt deposit base can be leveraged into loans for infrastructure etc.?
Magnificent. Also, great to see yesterday Kate Raworth put Community Wealth Building at the heart of her notion of how to implement Doughnut Economics. ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-bPa1fmlY3Uo.html
What every community has to offer residents and those who wish to engage in commerce are locations to choose from. Communities bring public goods and services to locations. Generally speaking, the quality of these public goods and services are converted into land values. Every parcel or tract of land has some potential annual rental value that is societally-created. What the individual owner of land does or does not do to improve the land held has no bearing on its value. What we know from taxation theory is that a low effective rate of taxation on the value of a location provides a financial incentive to leave land vacant or under-improved. For several centuries now economists and reformers have been arguing that the rental value of all locations rightfully belongs to the community and should be collected via taxation. Communities in the United States do collect some of this value, but far far less than is there to collect. Instead, our cities, towns, townships, counties and school districts almost everywhere impose an annual tax on what may or may not be the current market value of both buildings and land parcels that people own. Buildings are depreciating assets that require ongoing expenditures for maintenance and periodically require considerable expenditure of funds for system replacement. For low-to-moderate income households the taxation of their housing unit is a significant financial burden. The optimum rate of taxation on housing units and on building is ZERO. Conversely, the optimum rate of taxation on land parcels is the dollar amount that the parcel would yield under an annual lease. Moving to a land-value only property tax base has proven itself wherever tried. It removes the potential to financially benefit by acquiring land for speculation rather than development. Owners of land have a strong financial interest in bringing whatever land is held to its highest, best use -- or sell to someone who will. There is some irony in the fact that the constitution of the Commonwealth of Pennsylvania is one of the few that permits communities the local option to move in the direction of the land-only property tax structure. Some 20 towns and cities as well as several boroughs and school districts have implemented this change, including the state capital of Harrisburg. As important as the shift is for municipal governments, it is equally important for school districts (which often levy the highest property tax bills to owners). Edward J. Dodson Common Ground, U.S.A.
This Guy is full. of shit. The problem with the USA is that it was taken over by the people that started the Federal Reserve Bank in 1913, the people that own the FED own the government and all the currency. They have enslaved the people of the USA, wake up people!
Stupid 9 billion over 16 yrs is 200 million a year You never talk about all the jobs created that you couldn't before Boeing came Corporations get 80 billion yet generate 20 trillion for you ingrates
Kewl. Who is going to implement this? How do you deal with the domination of local gov by the chamber of commerce and real estate developers? Also, what about the neoliberal public management most local govs are governed by? Economic development subsidies going to big box stores? The financialization of local community development?
Bismarck created Staatssozialismus specifically to stop the spread of the social democratic politics at the time and to maintain the power structure which favored aristocracy and wealthy industrialists. There is a very important distinction. Bismarck’s idea was top down, monarchical, undemocratic, and was specifically created to make sure citizens and laborers had no political power. I am left, but I see the current left fall for this delusion. They advocate often for Bismarck style Staatsocialismus. What they should be advocating for is democratic socialism. Ironically the right conservatives are demanding something similar but listen to their pundits who believe it will all be solved by free market private education systems which is just another brainwashing. I can simplify this perspective by using a USA example. Thomas Jefferson advocated for public education WITH elected school boards, so that local citizens would govern their local education system. Thomas Jefferson was advocating for an early type of democratic socialism, where citizens are ACTIVE and have political power rather than passive and have a state or corporation dictate their education. The irony is the whole Jeffersonian democratic education system was corrupted by Woodrow Wilson during WW1. It was also corrupted by Henry Ford models. Wilson actually took the position of the German government state socialism he was waging war against, while accusing German American citizens of being loyal to the Kaiser by teaching German in schools. Wilson then demanded that the federal and state government had the right to dictate how children ought to be educated rather than local school boards. Wilson instituted Americanization. If you want Socialism you should not be advocating for handing the political power over to the state or federal government, you should be advocating for the political power of citizens. en.wikipedia.org/wiki/State_Socialism_(Germany) en.wikipedia.org/wiki/Anti-Socialist_Laws
I think you need to develop a curriculum on the subject. Something this important needs to be taught in as many venues as possible. The proper priorities of a public bank need to be baked into the local community. If the local community don't understand it, they will lose it.
Boris is there to sell off our national treasure the nhs, distraction and lies while he ruins our world, as long as the rich get ever richer he will be kept in place
@@jwmk2000 And kill tens of millions of people, whilst capitalism has lifted more people out of poverty than any other system in the history of the world.
I wouldn't call them Marxists. Their idea of socialism is essentially capitalism with socialist characteristics. There would be no democratic centralism, no planned economy, the monarchy would still be there
@@gentleman4232 I mean you realize we could apply this exact same logic to capitalism tho, no ? 100s of millions if not more dead to colonialism, imperialist wars (which are literally capitalism in expansion as it looks for new markets to exploit) not to the mention 100s of millions more dead to poverty and exploitation brought on by the market and the corporations operating within them. Also if we’re measuring systems’ success based on material benefit and economic growth, then surely the USSR is the best system, by your logic atleast, since the pace of its economic development and the rate at which it pulled the propel of the Soviet Union out of poverty far outstrips anything any capitalist system has done ?
@@jwmk2000 whatabout, whatabout! Where is your specific data regarding “100’s of millions dead” due to capitalism, it’s just assumption on your part. Capitalism is traced back to the beginning of the 18th century and, unlike deaths from communism, there is little or no specific/reliable data as to deaths directly and deliberately caused by capitalism. It is facile to blame all wars and colonialism for deaths. Your approach appears to be that ALL deaths NOT caused by communism must have been caused by capitalism.
Basically, among the young people who supported Corbyn at least. It was interesting to hear Yanis Varoufakis talking about how he'd spoken to top bankers about McDonnell's policies such as a national investment bank, and they'd just admit that these policies were good but they disliked McDonnell because of his marxism
I wouldn’t say hugely, but they are still popular among a left-wing minority - mainly made up of young people. Most ‘average’ people I’ve spoken to find his views/policies too extreme.
McDonnell, who was sacked by Ken Livingston from Chairman of the GLC’s Finance Committee, for fiddling the figures and lying. McDonnell who has decried democracy and calls for public insurrection…..mmmmmmmmm.
With respect to pandemics, we are talking about an active system, rather than a reactive system. When a virus like covid-19 is identified as high risk somewhere in the world, a vaccine can be started while just a localized spread is identified. It is better to have vaccines in hand we may not need, then to wait until they are needed and not have the time to develop them.
His High Speed Rail comment at 32:45 as it relates to national jobs act was spot on, here we are in March 2021 and still discussing ... ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-l0ZTRa4yP-Q.html
Americans will pay $1000 for a phone, over $300 a month for cable tv but bitch and complain when they have to pay $30 for a flu shot. Americans need to get their spending priorities straight.
in truth the UK cannot afford hardly any of the NHS prescribed medication. IT manages it only by goodwill through massive multi billion pound loans. The NHS can pay up to $150 for a packet of aspirins- you think this is good? I'd prefer Trump negotiating a better deal frankly
Thats what they say just put it on credit. That seems to be the answer these days. Better than just dying, what is worth dying or going in debt? People need medical support, how can we solve this?
