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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: shades who wrote (57550)	4/5/2006 5:49:54 PM
From: Oblomov	Read Replies (2) \| Respond to of 110194

The Georgeists call themselves "single taxers" or "geolibertarians". They do not believe in the private ownership of land, since they say that land is the source of all wealth. They believe that one should only be able to rent land from the government, and that these land rents should be the primary source of revenue for the government. On the other hand, they believe that all other private property is inviolate, untaxable, and that income also should not be taxed. This is contrary to most other moderate libertarians, who generally believe in some form of flat tax on income, or a consumption tax (which is economically equivalent to a wealth tax). The absolutist libertarians (like Murray Rothbard, Lew Rockwell, or Ayn Rand) would advocate privatizing the law itself - no state, no taxes, but you'd have to hire a private security force and private monetary administrator and pay tolls on every road you used, unless you wanted to carry around a lot of guns and oranges and gold.