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http://brokershandsontheirfacesblog.tumblr.com/

Wages v Growth:Why have wages failed to deliver us thefreedom we desire?

Wages v Growth:Progress is captured in higher land pricesThis benefits the owners of the earth.

Many still are dreaming of their slice of the pieA Resource Rental system sees all citizens gaining a share to the bounty of the land.

What does this have to do with Sustainability?

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Speculative Sprawl

Drives us into the sprawling suburbs that have no PT.Time drained in traffic jams adds to the carbon wave.No energy left to walk/ ride to shops, or to remember our hessian shopping bags.

Producers or Speculators?The economic system has been altered to support buying and selling rather than producing.

We need the Green Tax Shift.

Walkable CommunitiesBy placing a premium on prime locations, urban densityis enhanced.

By capturing any upkick in land values for the Community, we can afford to develop new public transport, retrofit more housing with insulation, solar etc

With more wealth to be shared -> less violence

Land is a natural resourcewith no alternative

So is Carbon

The Role of the Environment inthe economy

Is there one?

Carbon Tax or Trade?

Any resourcecrucial to our survival, garners unique value.

If speculators can purchase carbon permitsoff gamblers for a bargain price, what will they do?

Hoard them!Speculative middlemen will buy up permits from the needy early on in the trade period (say February).

They will hold them until Nov - Dec, when polluters are Desperados.

They will sell them for millions in profits.

The drive for unearned incomeWill undermine the carbon trading system.We will be told it ‘was a learning experience’.However economic theory already alerts renegades!Crucial years will be lost in the battle for sustainability.

AustraliaOr

Ireland

Jellyfish

Abalone

True Cost EconomicsA well rounded environmental economic system includesthe entire global commons:

• Land• Air• Water• Minerals - coal, oil, uranium • Licences - public broadcast licences

• TV, radio, 3G• GM permits (if ever approved!)

What is needed:A progressive revenue raising system that counters theregressive nature of carbon taxes.

A Resource Rental system is progressive.

Locations in Toorak pay more than those in Werribee.

ECONOMIST

ECONOMIST

E-CONO-MIST

ECONOMIST

E-CONO-MIST

HE-CONS-WITH-MIST

Renegade Economists5.30 - 6pm Wednesdays3CR

www.earthsharing.org.auK2@earthsharing.org.au

International Equity• Allows countries to converge on equality. • At the end of the convergence period countries receive entitlements in proportion to the size of their population. • Initially, Developed countries make large cuts in their emissions levels. • Developing countries are permitted to keep increasing their emissions levels for a period before also beginning to cut their emissions.

Environmental TrustsWe ought to create a new class of property -- common property -- that lies somewhere between private property and state property.

This would act to protect the Global Commons

Sky Trust

Sky Trust

Environmental Trusts could manage such assets, sharing all profits via a Citizen’s Dividend.

Cap & DividendWith a Sky Trust, no money goes to the government. Users of fossil fuels will pay a cost for carbon disposal--a cost that was not charged before. But this cost is due to the physical scarcity of sky, and will be set by markets, not politicians. Most importantly, it will be fully returned to citizens in the form of dividends.

Without a trust, sky income could be mingled with taxes, or go to large corporations, and citizens might never see it again.

ScarcityThis increased cost is due to the physical scarcity of sky, and must be set by markets, not politicians.

Reducing emissions will cause the Sky Trust's revenue (and hence individual dividends) to rise.

Hoard Lords

Hoarding of permits will be curtailed by:Limited life spans per permit(is that enough?)OrPermits require a 10% Resource Rental charge p.a

Is Carbon enough?What about toxic pollutants? Ie insecticides, herbicides

What other forms of pollutants does carbon trading overlook?

How can we maximise our ability to reduce Global Warming?

Policy Developments

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Values natural resourcesSuch as grasses, trees

Cut down a rare box gum,must pay to protect 8 others.

4 acres of grassland = 1 habitableacre of grassland = value $1m

Our biggest challenge to dealwith GW?TIME! Time to think. Time to Act. Time to learn.Time to rememberOur time is threatened by incredible work hours, needed to pay……

Former World Bank Vice President Joseph Stiglitz was asked what he would do to aid the Majority World:

“I would go to the heart of landlordism and reform the land tenure system, which typically sees landlords charging 50% share-cropping rents.

QuickTime™ and a decompressor

are needed to see this picture.

In another powerful statement, Stiglitz says:

“Rent is a secret tax the wealthy charge the poor”

Populate or Perish?

Malthusianists:

Believe population is the biggest problem facing the worldThis is perfect for the ruling classesIt lets them off the hook.A great diversion away from their over-consumption andspeculative fetishes.

Populations naturally decline:

When wealth is shared more equitablyAn effective tax system will raise enough revenue for:

• health• education

Birth rates universally fall with the extra resources

An Ethiopian farmer no longer has to have 10 kids because he knows the majority will now survive.

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