Tuesday, September 30, 2008

We need some honesty and progressive solutions

If we don't bailout Wall Street, what happens to us?

The cause of all this mess is land speculation that has grown out of all proportion. The fact is that anyone who has bought a property in the last fifteen years has done it to make money as well as to live in it. Wall street bosses have just been better at it leveraging the boom. We need a proper taxation system based on land usage to move forward - not to bail out the people that benefited the most out of the boom - so they can do it again.

Posted by julian hodgson @ 12:33 AM (665 views)
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One thought on “We need some honesty and progressive solutions

  • planning4acrash says:

    No, land speculation is a symptom of derivatives, central banks suppressing free market interest rates with liquidity that causes moral hazard, and then undercutting suppressed market rates with the support of fudged stats.

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