http://www.ft.com/cms/s/0/2b060736-2a1e-11de-9d01-00144feabdc0.html?nclick_check=1 Published: April 16 2009 03:00 | Last updated: April 16 2009 03:00 From Mr Chris Cook. Sir, I am sure British correspondents will also be pointing out that it is not just the US tax code that is broken (“Mending America’s broken tax code”, Editorial, April 14), but this misses a deeper point. The […]Read More
The banks lost all their money, put pressure on the politicians who in London, agreed to give them all the money back, by taking our money and giving it to them for the next 20 years. The also agreed to leave the tax havens pretty much as they are – well the ones that people […]Read More
Organised by The Coalition for Economic Justice Hosted by Vince Cable MP Panel of Speakers: Sir Sam Brittan, Financial Times Fred Harrison*, Land Research Trust Prof Iain McLean, Professor of Politics– Oxford University Ashley Seager, The Guardian Molly Scott Cato, Green Party Economics speaker David Triggs, Henry George Foundation * Author of Boom […]Read More
BWEA (British Wind Energy Association) will be launching its first Budget submission, ahead of the Budget speech on April 24th. Following a consultation process led by the BWEA, the UK wind industry is putting forward proposals to the Treasury on how to maintain the momentum in the wind sector, on and offshore, during the […]Read More
PRESS RELEASE London, 16 March 2009 Hosted by Vince Cable MP Chaired by Nick Ross Panel of Speakers: – David Triggs, Executive Chair of the Henry George Foundation – Iain McLean, Professor of Politics, University of Oxford – Ashley Seager, Economics correspondent, The Guardian – Samuel Brittan, Economics commentator, FT, author – Molly Scott Cato, […]Read More
Too good not to pass on………….. This explains the source of the worldwide financial problem….. Seanie is the proprietor of a bar in Dublin . In order to increase sales, he decides to allow his loyal customers – most of whom are unemployed alcoholics – to drink now but pay later. He keeps track of […]Read More
please put any comments, as a comment, and or send to John Baldwin ASAP. There are only hours in which to make a submission. The energy dimension to A sustainable recovery pathway Overview – a Green New Energy Deal The pathway to recovery from this economic downturn must take us in a new direction, not […]Read More
It is estimated that 70% of the money that circulates is created in the form of loans ’secured’ against ‘property’. They circulate as money until the loan is paid off. If loans stop the money money in circulation dries up. That’s what happened. That’s the origin of the credit crunch.
The bubble came about by banks enticing people to take on higher and higher loans with more and more ‘affordable’ payment terms, e.g. interest only, self-certified income, low teaser (aka ‘fixed’) rates for a couple of years. They competed with each other until the loan to earnings ratio became unbelieveable. Then the bubble burst!
I am writing this open letter to you on behalf of the Coalition for Economic Justice (CEJ). In response to the seriousness of the current economic crisis a number of think tanks, charities and pressure groups across the political spectrum recently decided to join forces as the CEJ. We propose the introduction of an annual Land Value Tax (LVT) to replace or reduce existing taxes on enterprise and labour in order to prevent future economic crises and alleviate the current one. The resolution below, passed at our first meeting sets out our broad position. (Set out at the foot of this letter is a list of the organisations concerned.)Read More
John Gilmore famously said that; “The Internet interprets Censorship as Damage and routes around it” Perhaps one of the key events in the development of the Internet age was the invention by a 19 year old of direct on-line music sharing – Napster – which destroyed for good the existing business model of the global […]Read More