Re: Economic Rent in Terms of Risk Free Interest Rate

>>>Suppose a research scientist whose financing ultimately
>>>depends on the Carnegie Foundation discovers a process
>>>for... making diesel fuel from chicken guts.


>> Research into areas that have potentially profitable industrial
>> applications will continue with or without the existence of landowner
>> privilege. They will likely progress at a faster pace without
>> landowner privilege obstructing them.



>I don't beleive that. Research is, and has always been a
>patronage activity. All the charitable trusts in America
>are rent collectors.

Private profit-seeking corporations do not invest in R&D???
Governments do not invest in R&D??? R&D spending comes from the good
graces of landowners??? Come on now.

>If everybody has to eat what they kill, there'll be
>vanishingly shorter and shorter timelines for development,
>absent a state of war.

The historical record contradicts that.

>>Wouldn't we all potentially benefeit? Would such
>>work be done when everybody is hustling for
>>declining margin in a post-LVT world?

> Declining margin???



>Sure. More perfectly competitive markets means
>lower margins.

>You guys don't see this, do you?

Perhaps, but if the margins on all productive investments are lowered
when land rent collection privileges are eliminated, what difference
does it make? It's not absolute returns that matter with regard to
inducing investment, it's relative returns. Most, if not all, of the
money that would have flowed into the nonproductive idle ownership of
land will be directed towards productive activity.


>> Try not paying your rent sometime and see if men with guns do not
>> eventually show up to evict you.


>If you don't know the difference, I doubt I could explain
>it to you. Rent is *volitional*. That's all we need to know.
>There's no force, no fraud, no tort.

In order to have a place to stand in this world, one requires land.
Since the last vestiges of the Homestead Act in the US were repealed in
1986, there is no more unowned land available for the taking.
Therefore, to simply "exist" in this world, one must buy or rent land
from someone else. So much for volitional acts.

>It's a raw deal. Bummer.

It can be remedied. Bummer for the privileged elite. Not a bummer for
everyone else.

.

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