Canadian Green Party Economist Frank de Jong: Tax=Resource Rent
Frank de Jong served as Leader of the Ontario Green Party from 1993 through to November 2009, when he resigned in order to direct his efforts toward serving the Green Party's national agenda.
March 5/6 he presented his Green Pary Financial Policy Resolution at the Canada Economics Forum.
Anyone who wants to know how Resource Rent can be implemented (aka: Classical Political Economics, Single Tax, The Law of Rent, Land Value Taxation (LVT), Ricardo's Law, Georgist economics, etc.), will find this submission illuminating. Download this Resource Rent course to get acquainted with the principles.
Frank de Jong's blog has the full text of this resolution, including comprehensive details and numbers to support his resolution. As he says, "theory is fine, but it takes numbers to get attention."
i) Therefore the GPC proposes to employ natural resource charges so that those who use, monopolize or despoil our common wealth are obliged to reimburse society for this privilege;
l) Therefore the exclusive use of resources and land by individuals, institutions and businesses will require compensation to those excluded, i.e. those who hold resources or preferred sites, will be required to remit fees equal to the unearned economic rent as public revenue for public benefit (in lieu of income, business and sales taxes)
De Jong's plan aslo makes allowances for those who protect the environment and punishes those who pollute it.
n) Therefore individuals, institutions or businesses granted the privilege of polluting will remit to government Pigouvian taxes as deemed appropriate by legislators;
o) Therefore the GPC further proposes that those who contribute back to the commons be financially compensated by government. Companies and individuals who forgo opportunistic income to conserve, protect or restore ecosystems will be reimbursed for expenses.
Review the full resolution on de Jong's blog as well as comprehensive numbers to support this resolution.