Re: Smith and Mill: Georgists?

From: The Trucker (mikcob_at_verizon.net)
Date: 06/09/04 

Date: Wed, 09 Jun 2004 07:14:53 -0700

sinister wrote:

>
> "Robert J. Kolker" <robert_kolker@hotmail.com> wrote in message
> news:6UJwc.59732$Ly.2660@attbi_s01...
>>
>>
>> sinister wrote:
>>
>> > The elasticity of supply and demand affect the issue of whether costs
> can be
>> > passed on.
>>
>> If they can't then the businessman has to borrow money or raise more
>> capital, or find a cheaper way to produce what he sells or he goes out
>> of business. In the steady state he must take in more money as income
>> than he spends on his costs. Profit = income - expense regardless of
>> elasticity.
>
> In the short run, he *will* lose out, which is why landowners oppose
> higher taxes on unimproved land.
>
> In the long run, he's not producing anything, insofar as the object is
> land. He's essentially leasing it from the government and then charging
> for its use in turn.
>
> By the way, you never responded to my post dated Saturday, June 05, 2004
> 1:22 PM.

He never responds to my posts either. He will NEVER acknowlege the
_FACT_ that land owners are simply not needed by anyone and that as
they "go out of buisiness", BECAUSE OF HIS PROFIT IDENTITY, they will
not be missed in the least. This is so because they never produced
anything in the first place:

"Labour is the first price, the original purchase-money that was paid
for all things. It was not by gold or silver, but by labour, that all
wealth of the world was originally purchased; and its value, to those
who possess it, and who want to exchange it for some new productions,
is precisely equal to the quantity of labor which it can enable them
to purchase or command." -- Adam Smith 

-- 
http://GreaterVoice.org (a work in progress)

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