Since they won't permit an audit, there's no way to know if they do or don't own gold.The Federal Reserve doesn't own any gold. They do store some for the government but they don't own it- officially it belongs to the Treasury.
Since they won't permit an audit, there's no way to know if they do or don't own gold.The Federal Reserve doesn't own any gold. They do store some for the government but they don't own it- officially it belongs to the Treasury.
It wasn't obvious at all. Here's a hint, Steven: unlike you, we readers do not have access to your mind.I think you're being obtuse. Add "are concerned" to the end (as I'm sure most did already, given that it was more than obvious) -
Not really. It'd be better if you just rephrased it, because I still don't know what you're talking about. Profit has nothing to do with anything; I merely stated that a portion of land rent arises from government supplied services and infrastructure. I can see why you'd try to muddy the waters with nonsense about profit, but it's a really simple point.and to further clarify, add "to the state" after the words "for profit", such that it reads, and will parse as:
Government services and infrastructure are NOT for profit to the state where private individuals with unalienable rights are concerned.
Clear enough? Could you parse that?
I was going to use the word "society," but I felt that someone might once again challenge the existence of society, so I felt it was better to use "fellow citizens," as that would prevent anyone from avoiding the point. Sadly, I was wrong, and you've still managed to avoid the point, by way of this useless diversion.What an absolute load of nebulous, collectivized and narrowed assumptions, with flagrantly presumptive compound question begging. To wit:
Only "fellow citizens" are considered. The word "anyone" could have applied to any commercially acting entity, real or fictitious, foreign or domestic, public or private. However, you specifically wrote "his fellow citizens", which deliberately constrains your meaning of "anyone" to any individual fellow citizen only - singular (foreigners, the state, corporations which are fictitious entities created by the state, etc., are not "fellow citizens").
Not really. You've created another sentence that doesn't parse. I challenge the forum to determine what you were trying to say. I've read that 3 times now, and have only the foggiest of notions what you're trying to say.We can table your deliberately constrained bullshit question for the moment, as we make other, equally narrowed (but also equally inclusive) distinctions that begin to flesh out the realities of a much larger geoist picture. For example, you could just as easily have asked, as a narrowly focused compound question:
"Why should a foreigner get to charge Citizens of another country for access to benefits provided by those Citizens via the very government that was created by them to serve on their behalf, and to protect their interests?"
The above sentence applies equally to your geoist paradigm. But it would also be a very differently loaded question, which I would answer very differently, given the status of each of three entities involved. Note the deliberate omission of "access to [privately owned] benefits provided by [private] Citizens", which can be considered separately, as a matter of principle.
Sigh. Again, no idea. Why don't you just answer my question?The answer to the question as I phrased it above is a resounding, "Good question, with a very easy answer.":
"Foreigners should NEVER have the power to charge Citizens, individually or collectively, for access to benefits provided by those very Citizens through their government."
And did you see how I removed government as a "provider"? We can toss out that question-begging bullshit as well. Our government provides nothing except as a servant, agent, and extension of all its individual Citizens, on whose behalf of it exists and acts. If a government can be viewed as truly separate from its Citizens, or seen in any other light, there is no legitimacy for that government that I would accept.
It was very simple. There was nothing indirect or sneaky about it. A 5 year old would have understood it very well.Your compound question was ridiculously loaded in other ways, as it was as nebulous and ill-defined in some areas as it was deliberately constrained in meaning in others (e.g., the words "charge", and "access to" and "benefits").
To the extent I even know what the hell you're talking about, I'd say they shouldn't. But obviously I'm misunderstanding you, because from what I can tell, you're asking the same question I asked, only applying it to a foreign country, which obviously doesn't make any sense for you to do. If I had shown you this post of yours two years ago, I'd be you'd have been astounded, and claimed you would never craft something so ridiculous. But that's what opposing truth does to people, and here you are.We can continue to dissect and drill down into what those mean, and how and to whom they would apply, but let's see how well we do with what I have written thus far. Before we get a rational rephrasing of your compound question so that it really can be answered, answer mine:
"Why should a foreigner get to charge Citizens of another country for access to benefits provided by those Citizens in their country via the very government that was created by them to serve on their behalf, and to protect their interests?
If you think my version contains question begging that you don't accept, just say so as well, and we can debate that as well.
Their books are audited every year.Since they won't permit an audit, there's no way to know if they do or don't own gold.
The Board of Governors, the Federal Reserve Banks, and the Federal Reserve System as a whole are all subject to several levels of audit and review.
The Board's financial statements, and its compliance with laws and regulations affecting those statements, are audited annually by an outside auditor retained by the Board's Office of Inspector General.
The Reserve Banks' financial statements are audited annually by an independent outside auditor retained by the Board of Governors. In addition, the Reserve Banks are subject to annual examination by the Board. As discussed in the chapter "Federal Reserve Banks," the Board's examination includes a wide range of ongoing oversight activities conducted on site and off site by staff of the Board's Division of Reserve Bank Operations and Payment Systems.
The OIG also conducts audits, reviews, and investigations relating to the Board's programs and operations as well as to Board functions delegated to the Reserve Banks, and Federal Reserve operations are also subject to review by the Government Accountability Office.
Profit has nothing to do with anything; I merely stated that a portion of land rent arises from government supplied services and infrastructure.
I was going to use the word "society," but I felt that someone might once again challenge the existence of society, so I felt it was better to use "fellow citizens," as that would prevent anyone from avoiding the point. Sadly, I was wrong, and you've still managed to avoid the point, by way of this useless diversion.
Why don't you just answer my question?
Oh, right.
It was very simple. There was nothing indirect or sneaky about it. A 5 year old would have understood it very well.
Why should anyone get to charge his fellow citizens for access to benefits provided by the government and other citizens?
No, I'm not. What you wrote simply had nothing to do with what I said. Again, I simply pointed out that some portion of land value is attributable to the services and infrastructure provided by the government. Full stop.You really are being obtuse.
No, it charges current rents.LVT is levied, due and payable, without regard any expenditures by the state, and regardless of what services and infrastructures are provided, past, present or future. That means that the state is behaving no differently than any for-profit, profit-maximizing, rent-collecting corporation. It does not provide services and infrastructure "at cost", because it continues to charge future rents on infrastructure long after its initial costs are recovered, and without regard to the actual common needs of the people it ostensibly serves.
Not really, because the state is a democratic institution which has no shares, and provides no dividends.Thus, the state is a growth industry in itself, taking in actual profits which inure the benefits of whomever is the beneficiary of redistributed revenues.
That simply makes no difference to my point.Just as you failed, as you name only "society" or "fellow citizens", without acknowledging that you have included foreigners, corporations, etc., on equal footing in that mix.
Yes, he or she would.A 5 year-old wouldn't have the slightest idea of what you were talking about.
Yes, it could. There was no question-begging.And your sentence cannot be answered without being taken out of its fuzzy question begging compound form, with ill-defined terms clarified and defined, such that EACH resulting question could be answered independently.
I didn't constrain anything. You're just appealing to semantics.By "anyone", you obviously meant a "fellow citizen", but why did you constrain that when more than just citizens are involved, who are not?
I didn't, of course.Why did you conflate what government provides with what citizens provide?
By owning land and leasing it to others, or selling it.How, exactly does a citizen "charge for access to benefits provided by other citizens"?
The benefits fall into the three categories I've already named. Their degree and extent are measured by the market as land value.WHAT benefits, and HOW are those "charged for", exactly? Can you answer that without arguing from a circular geoist premise that nobody here except geoist accepts?
That's effectively what landowners do to land, only instead of me offering the benefits, it's society, nature, and government.If I put a rope or a fence around your business and "charge" others a fee for access to the benefits YOU PERSONALLY are offering, let me know so I can stop that, as that would wrong.
Selling or leasing.What do you mean by "charge"? What is/are that/those charge mechanism(s), exactly?
Use of, via proximity.What do you mean by "access to"?
The benefits are manifold. The benefit of being located where there is a large supply of laborers and consumers, the benefit of being located near to public transportation, etc.What do you mean by "benefits"? What benefits, specifically?
www.dictionary.comWhat do you mean by "provided"?
Nonsense. The simple fact is that you know you have no reasonable answer to the question, so you're trying to find ways to avoid answering it.Your compound question might produce a nice, generally indignant feel-good response in the guts of geoists, but you're going to need to be more specific if you want it to have any meaning for anyone else not already part of your choir.
Well, that's a helpful comment. As a fellow Hoosier, perhaps you can set me straight.You LVT guys are comical, in a drunken sort of way.
...some portion of land value is attributable to the services and infrastructure provided by the government. Full stop.
No, it charges current rents.
Not really, because the state is a democratic institution which has no shares, and provides no dividends.
That simply makes no difference to my point.
Yes, he or she would.
Yes, it could. There was no question-begging.
I didn't constrain anything. You're just appealing to semantics.
I didn't, of course.
How, exactly does a citizen "charge for access to benefits provided by other citizens"?
By owning land and leasing it to others, or selling it.
That's effectively what landowners do to land, only instead of me offering the benefits, it's society, nature, and government.
Of course, the landowners don't put the "fence" up: government does.
Government currently privileges landowners with exclusive use of part of the land that comprises the state
...and allows the landowners to charge others for the benefits provided by nature, society, and the state.
The benefits are manifold. The benefit of being located where there is a large supply of laborers and consumers, the benefit of being located near to public transportation, etc.
Because land is provided by nature, and secured by government.So is some portion of candy bar value, hooker value, crime value... all full stop. Why, you could go on all day and create War & Peace sized tome that listed nothing but goods and services, the value of which can attributed in part to common infrastructure-provided-by-the-people-through-their-lowly-servants-the-government.
Nope. Such infrastructure must be maintained.Try again.
"Current rents" under LVT only means tax equal to the annual rental value of a given parcel land if that parcel was unimproved. Part of that annual rental value of unimproved land is attributable to things which have zero cost (namely, the unimproved land itself), as well as infrastructure, the costs of much of which has long since been been captured.
Nope. Citizens don't get a share of revenue, they get an exemption.Oops! There goes Roy's Universal Individual Exemption down the geotoilet, as well as many geoists thoughts regarding wealth redistribution in the form of dividends.
Nonsense.Unresponsive X 6.
They have the ability to do so, which ability you defined as a "right."Cool, so anyone who owns land, but does not lease or sell it to others, has not charged for access to benefits provided by other citizens?
I've already explained, as you well know.Either way, you still didn't connect the dots for landowners who do lease or sell their land to others. How, exactly, is leasing or selling owned land tantamount to charging for "access to benefits provided by other citizens"? What benefits? Which citizens?
Question begging. In what sense is the land privately owned?Nature is initially free, but not when privately owned.
Society exists, period. Economically or otherwise.Government is a servant that provides only necessary common benefits at cost only (no perpetual rents charged over its own costs). And "society", economically speaking, does not exist.
Land rents are the product of the three factors I've named.That is a fictional abstraction. And if you were really saying "private sector market" -- that's none of your business, unless you are talking about entities without rights. Not all entities in the market have the same legal status, nor does the state (or any extension thereof) have any rightful entitlement to rents arising from the private sector.
You cannot, of course, provide valid justification for private ownership of land....only in a geocommunist, geofascist framework, wherein ALL LAND, including privately owned land, is considered commonwealth. Fuck that.
Owned.See above re: nature, society, and the state.
This proves you a liar. Previously, you complained about newcomers in society, claiming how the LVT would disadvantage them relative to established landowners under the LVT. Yet, here you are, claiming that there's no problem whatsoever with existing landowners reaping benefits provided by others.Lucky landowners, good on them.
Luckier pretty much anyone: producers, consumers, etc.But luckier consumers under LVT, including foreigners.
Nope, they have to pay landowners for them.They also have access to those benefits. Anyone who comes in does.
Be honest: do you oppose the LVT because it doesn't go far enough? If "no," you don't have a point.They are taking advantage of (and even wearing out) services, amenities, and infrastructure like anyone else. Why do they get a free ride? Where's the fucking land rents cover charge for other market participants who are using all these things? Is it free to them because they only use it up and wear it out, but not exclusively? Why no toll booths at all roads, and especially those leading to the juicier busier markets, charging a BENEFITS ACCESS USE TAX to all those freeloading bastards who come in to suckle off of all that access to benefits that you're so keen to charge only to end user landowners? They aren't the only ones with access to benefits - but somehow they are the only ones expected to pay for them.
Doesn't parse.Could it be that you have embarrassed yourself before others by erroneously buying into a simplistic simpleton's model of land and landowners as being "the source and location of all economic supply and its value", while non-landowners are presumed to be the source of something entirely different and special where "access to benefits" is concerned?
I'm smarter, that's true.You know you're wrong, Matt. Why keep it up? You were never like me, of course.
It's just a plain lie that you've read Progress and Poverty. You can tell it, of course. No one can stop you. Just ask yourself why you should be compelled to tell such a lie. Other than that, I can't help you. If you're shameless, you're shameless.You claim to have tried every way you could to prove geoists wrong, and got sucked in, when a little critical thought could have served you better. And since you admitted to resorting to dishonest arguments and making absurd arguments already, there is no reason to believe that has changed. I also read Progress and Poverty, and listened to geolibs embarrassingly ad nauseam rants and preachings. It was not so much find out the exact point where George and all the rest went off track, but rather the source of their credulity, and how it was they all appeared to have lost their collective minds. And thing is, I did find it. Being proved wrong is unpleasant for you, sure, but being right is ultimately more important. Your ideology may define you now, but it doesn't have to.
The Fed isn't required to disclose all its financials, so auditing the financial statements that it is required to disclose doesn't tell you much about what it isn't required to disclose.Their books are audited every year.
http://www.federalreserve.gov/publications/annual-report/2011-federal-reserve-system-audits.htm
Because land is provided by nature, and secured by government.
Nope. Citizens don't get a share of revenue, they get an exemption.
They have the ability to do so, which ability you defined as a "right."Cool, so anyone who owns land, but does not lease or sell it to others, has not charged for access to benefits provided by other citizens?
In what sense is the land privately owned?
Society exists, period. Economically or otherwise.
Land rents are the product of the three factors I've named.
You cannot, of course, provide valid justification for private ownership of land.
Previously, you complained about newcomers in society, claiming how the LVT would disadvantage them relative to established landowners under the LVT.
Yet, here you are, claiming that there's no problem whatsoever with existing landowners reaping benefits provided by others.
Be honest: do you oppose the LVT because it doesn't go far enough? If "no," you don't have a point.
Well, that's a helpful comment. As a fellow Hoosier, perhaps you can set me straight.
Steven's been comprehensively demolished at every turn. You know you would to, so you avoid it. Simple.Nah, I've been there with other subjects that had similar evangelists. You guys aren't interested in "being set straight". You talk in circles in hopes of wearing your victim down.
I do enjoy reading these threads from time to time, and Steven does a good job revealing the circle jerkiness of LVT![]()
Once again, I don't know what you're trying to say.Yes, for private ownership, and rights of property in land. Howzat for question begging? See the difference between your government and mine?
No, it's just a common-sense rule, and one similar to the individual income-tax deduction.Exemptions are a separate issue, and are not required for a Land Value Tax to be implemented. That's a fictitious plum you're dangling - the spoonful of rent-free sugar promise to help everyone to swallow the LVT medicine, basically on the idea that "little people" won't actually be swallowing it (yeah right).
Of course, no one has proposed the state "control" land allocations, and that's just something you made up, because you have no arguments.Without some kind of separate exemption promise, LVT stands even a lesser chance in hell than it already has, and that should be a hint and a half to geosocialists. Aside from those suckling from the teats of state, no other individual in their right mind wants to be enslaved in a land where a state controls all land allocations, and where land rents are charged by a landlord state as the rule. So a "value" (not area) exemption is advanced by some geoists.
How is that supposed to be a fallacy?PACKAGED DEAL FALLACY
LVT is always put forth in a way intended to suggest that exemptions are a packaged deal, and somehow an integral part of LVT. In fact, some geoists would like the very term LVT to be thought of as synonymous with geoism. It is not. LVT is nothing more than a basis for a tax, regardless of rationale, and can be applied without a hint of geoism involved.
Again, that's not a fallacy. We're proposing reducing other taxes in favor of a LVT. It could happen that a LVT was levied without other taxes being reduced, but that's simply not what we're proposing.Likewise, in the Packaged Deal Bundle Fallacy mindset, proponents of LVT also want the tax itself thought of as a single tax, even though that is only their objective - their goal - which has nothing to do with the nature of the actual tax. LVT can exist just fine alongside any other tax, and could (and likely would) end up being just one more tax leg in the state's "x-legged tax stool".
Just stupid "me hates gubmint" nonsense.STATE: How do I love thee and thy taxes? Let me count the ways.
Wrong. Everyone who would otherwise be at liberty to use the land is harmed.So what? If they are not exercising that ability, nobody is harmed, right?
They effectively are, because the land increase in value nevertheless.No LVT applies, since the landowner/occupier, who neither leases nor sells, is not "charging for access to benefits provided by other citizens". It is more than easy to know if someone is doing that. There is no valid reason to assume that because a capacity is there, that everyone is exercising it.
On what basis? How would people come to own land?In the sense that My Good Government uses the same aggression and force as Your Evil People-Enslaving Landlord Government would. The ONLY difference is who is presumed to be entitled to capture land rents on privately owned lands. With My Good Government there would be recognition, enforcement and protection of unalienable rights of private tax free landownership up front.
Nope. My government would recognize equal rights for all, and would therefore demand those privileged with exclusive use of some part of the land that makes up the nation to compensate those who are thereby deprived its use. Yours would simply gift away the commonwealth, dividing citizens into a privileged class, and underclass.Your Evil Government would only recognize private land as taxable Common Property, which can be owned only on condition of payment of a tax on land rents to the state. With My Good Government private land would be treated as property in a free market that does not enslave everyone to perpetual rents to the state, under color of "liberating" people from all the so-called evils of private individual landownership.
All of which are a valid justification for the state to levy a tax on the benefits provided by people other than the owners of land.Not one of which is a valid justification for perpetual land rent capture by a geofascist state.
How? How does that come about? And, what of the rights of those who have no land? Where are they to live?Of course I can: Giving all private Citizens (who are only one part of the land market) the opportunity to attain individual economic sovereignty that comes from being completely free of paying rents to anyone, public or private.
But the people aren't free, Steven: they have nowhere where they have the right to exist. They must purchase the right to exist from others. They're enslaved, and forced to buy their freedom.In other words, The People Themselves Are Free, and enjoy automatic economic advantages over all other entities, regardless which wealth or factors of production are considered. All others can tremble before the state that protects only the private interests and opportunities of its individual Citizens. Everyone else's interests are protected only to the extent that they do not interfere in any way with private interests of individual Citizens, and only as they contribute to the common good.
You're owned, as your system enslaves the landless, and compels them to purchase their freedom from landlords.See that? Unlike you, Matt, I can and do distinguish between the rights of the private human individual Citizen and the privileged existence and behavior of all the other players in the market which should never be on par, as having equal rights and opportunities. It's that simple, and that is the crucial distinction that explains the fatal flaws in all oppressive politico-economic models and paradigms. Including yours.
Owned.
Nope. The biggest developers would develop the most valuable land; smaller developers would develop land of lower value. It's actually the same as it is now, only land would be allocated more efficiently and faster.The disadvantage of your LVT implementation (on everyone, regardless of legal status), would ultimately be magnified many times over what we have even now, as LVT actually punishes low development and rewards only the biggest developers.
No, not a pathway to freedom: a pathway to privilege. Currently, there is a means by which to compel one's fellow citizens to labor for your benefit, without providing any value in return. You acknowledge this, and call it a right.The biggest difference, and the most pernicious part, is that right now there is at least a pathway to freedom from paying any rents to anyone, public or private, through private landownership.
Nope. One need not occupy land that has value, even disregarding the exemption.Under LVT there would be absolutely NO pathway to such freedom. All end users of land would be enslaved. And spare me your separate, wholly fictitious, worthless exemption, which is little more than an empty promise for "discount" on the rule that everyone is considered a land renter from the landlord state).
Not really. When a government, say, builds an interstate, the benefit is intended to be for all of society. But in fact, landowners reap the benefit, and are enabled to charge others for the increased utility of being located near an interstate.The way you defined "benefits provided by others"? Hell yes. I have absolutely no problem with existing [private, individual, Citizen] landowners reaping ANY benefits from the land they own, free of all taxes, including LVT. THAT IS WHO THE FUCKING BENEFITS ARE FOR!
Haha!You have no principles, Matt.
You hate individual liberties. Your system would have every individual buy his freedom from another citizen.Especially not where individual liberties are concerned. All you're concerned with is advancing LVT.
Of course they don't. The only reason they own the land is because the state opted to gift away the privilege of exclusive tenure of some part of the land that makes up the state. There was no legitimate basis for the state to do that.I am opposed to LVT (YOUR VERSION) because it goes way too far, in that it includes individual landowner Citizens, especially residents of privately owned land, who exist and behave as a matter of unalienable right.
No one is entitled to that. Being part of society means you get rights, but you also have obligations. I know you want to reap without sowing, but too damn bad. Stop being so greedy.They are the only entities on Earth who are entitled to PAY NO TAXES. NOT ONE. NOT EVER.
Stupid garbage. Rights confer obligations: there cannot be one without the other. You have no idea what you're talking about.Every other commercial entity, real or fictitious, exists and behaves as a matter of conditional privilege, not unalienable right. Those entities can be taxed out of existence, should the profit-maximizing state be stupid enough to do that. Not real human individuals, who are the ONLY entities worth giving a fuck about, and should be IMMUNE. PERPETUALLY.
Sure. Many LVT proponents believe the government should pay the LVT on government-owned land. That way, citizens can weigh the costs and benefits of such endeavors.Soooooo....under this LVT does the government owe taxes to...itself? Since it's using land for private gain.
Sure. Many LVT proponents believe the government should pay the LVT on government-owned land. That way, citizens can weigh the costs and benefits of such endeavors.
Tax revenues. The state.How does governmet acquire the funds? And to whom are they payed to?
Tax revenues. The state.
Sigh. The state doesn't use land for its personal gain. The state is an instrument of society. It's supposed to represent its constituent members.The state pays taxes to itself? Since I use my land for personal gain and the state uses its land for personal gain, can I just pay the LVT to myself?