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  • Income Distribution in the US
    How is our income distributed? Well, it is pretty concentrated. How concentrated? Take a look.
  • Progress and Poverty, by Henry George
    Here are links to online editions of George's landmark book, Progress & Poverty, including audio and a number of abridgments -- the shortest is 30 words! I commend this book to your attention, if you are concerned about economic justice, poverty, sprawl, energy use, pollution, wages, housing affordability. Its observations will change how you approach all these problems. A mind-opening experience!
  • Wealth Concentration Tables from 2004 SCF: Bottom 90%, Next 9% and Top 1%
    Aggregated data by net worth quantile, for various kinds of wealth. With calculations you won't find anywhere else!
  • Wealth Concentration Tables from 2004 SCF: 50-40-5-4-1
    These tables show how concentrated the ownership of various kinds of assets are. With calculations you won't find anywhere else! This version is less aggregated: Bottom 50%, Next 40%, Next 5%, Next 4% and Top 1%.

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Books I Value

  • Henry George: Progress and Poverty: An inquiry into the cause of industrial depressions and of increase of want with increase of wealth ... The Remedy
    This is perhaps the most important book ever written on the subjects of poverty, political economy, how we might live together in a society dedicated to the ideals Americans claim to believe are self-evident. It will provide you new lenses through which to view many of our most serious problems and how we might go about solving them: poverty, sprawl, long commutes, despoilation of the environment, housing affordability, wealth concentration, income concentration, concentration of power, low wages, etc. Read it online, or in hardcopy.
  • Bob Drake's abridgement of Henry George's original: Progress and Poverty: Why There Are Recessions and Poverty Amid Plenty -- And What To Do About It!
    This is a very readable thought-by-thought updating of Henry George's longer book, written in the language of a newsweekly. A fine way to get to know Henry George's ideas. Available online at progressandpoverty.org and http://www.henrygeorge.org/pcontents.htm

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« The Earth-for-All Calendar: June 16 -- William Morris | Main | License fees for every worker, or tax land value for revenue? »

June 16, 2012

Don't Sell Spectrum, Rent It for Its Value — Letters to the Editor - WSJ.com

Don't Sell Spectrum, Rent It for Its Value — Letters to the Editor - WSJ.com.
Randall Stephenson's "Spectrum and the Wireless Revolution" (op-ed, June 11) discusses making more spectrum available and notes the problem of speculators holding spectrum and doing little or nothing with it.

Since the airwaves are a public resource and no one created any part of the electromagnetic spectrum by the sweat of his brow, an obvious solution is to charge rent for spectrum. Mere speculation will become very unprofitable, and people putting their spectrum to low-priority uses will have an incentive to put it to more highly valued uses or sell it to people who will.

We can use the revenue to cut taxes on production or to slow our slide into bankruptcy.

Nicholas D. Rosen
Arlington, Va.

Posted on June 16, 2012 at 01:39 PM in land includes |

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