Re: novel argument against taxing rents

sinister wrote:

<royls@xxxxxxxxx> wrote in message news:442d30e6.5451401@xxxxxxxxxxxxxxxxxxxxxxxx

On Fri, 31 Mar 2006 04:49:02 GMT, Les Cargill <lNOcargill@xxxxxxxxxxx>
wrote:

[snip]

This system is clearly reducible to exactly two states, and
can be reduced no further. The first state (un-rent) is
unstable.

I see no reason to think lack of artificial rent collection privileges
such as taxi medallions, IP monopolies, trade quotas, etc. would be
unstable. The rent of natural resources, OTOH, arises naturally from
differential productivity, as Ricardo showed. The only way to
eliminate it is to eliminate so much productivity that the
differential disappears. That is neither feasible nor desirable, so
yes, resource rents are here to stay.

[snip]

I didn't think this pseudointellectual nonsense spouted by Les even merited a reply...hats off to you for wading into the sewer...




I'm working towards the problem that eventually, all differentials
in production become rents and all private goods become public unless there's a bright line, somewhere.

--
Les Cargill
.

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