If resources are limited, which they are, then we should strive to make the best use of them that we can. The problem and situation to be avoided is when too great a number of people have no access to land and Capital. To make it possible for people to have access to Capital at an acceptable price it means we must impose a restriction on the acquisition (or retention) of property. People should not be permitted to have any quantity of property that they are able to afford. It should be illegal (for an individual) to leave insufficient land to others. If we own an excess of property this means it becomes expensive for others. The problem caused by Landlordism is that other properties become too expensive. If people buy land for investment purposes only this means they are not making the best use of the resources (there is no cost, rent to make the acquisition of fallow land unprofitable) and yet they do not sell. This becomes a problem when they are able to buy up a great deal of land which (necessarily) restricts, denies access to others. Since land, and other resources are and will be used for investment it might be prudent to restrain the extent to which a solitary person may own land.
If people do not have sufficient access to Capital, it will be possible for the 'rich' to exploit their poverty by making resources available to rent which results in further and continued wealth for the privileged class. We cannot make Capital available (to the poor) without denying it to someone else. If we impose a tariff on (the ownership of) Capital then this will make resources cheaper in the marketplace.
Wednesday, 12 May 2010
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