Healthy Money Healthy Planet - library.uniteddiversity.coop

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region in the late 1990s (see Chapter 8). Such a taxation is in line with the ecological
principle of managing boundaries and is preferable to imposing a financial
transaction tax, which is regarded as unenforceable because 90 per cent of
transactions take place between banks.
Policies Leading to Decentralisation of Power
A discussion of policies to devolve power from central to local government has
already been dealt with in both chapters 8 and 15.
In conclusion, t. has proposed funding it through financial transaction tax and
partly through government issuing
The use of land must be democratised just as the use of money must be
democratised, and at the same time. It should not be possible to speculate for private
gain on public resources. Land value taxes should be offset against income tax.
Other policy changes needed in conjunction with monetary reform relate to
managing the country’s boundaries and moving towards many centres of decisionmaking.
1 From an 1887 article in the Australian Standard, a partisan newspaper dedicated to
the abolition of land monopoly through the application of land value taxation. The
name of the author was listed as Twark Main and the article appeared shortly after
Mark Twain visited Australia. Accessible at www.hartfordhwp.com/archives/25/018.html.
2 Henry George, Progress and Poverty: An Inquiry Into the Cause of Industrial
Depressions and of Increase in Want with Increase in Wealth, London: Hogarth Press