Saturday, 6 February 2010

The concept of debt is of no value

The Government has no legitimate right to charge rent to the population and individuals. If we have too much land, the Government is able to revoke ownership of that land, since it is they (the Government) who grants (recognises and upholds) ownership in the first place.

Rather than charge a Land Value Tax to the citizens, the Government should simply remove ownership of land from those who own too great a share of the land.

As a consequence fiat currencies (which derive their value from this rent) are illegitimate, since the Government has no right to charge rent. Fiat currency has no useful function, other than to satisfy the Government and so, eventually, its value will go to nothing as we evolve into a more civilised population. Since we do no owe rent, there can be no reason to value fiat currency.

No comments:

Post a Comment