The ownership of land is the great fundamental fact which ultimately determines the social, the political, and consequently the intellectual and moral condition of a people.
Location Value Covenants are a proposal for collecting annual rental values without the pain, routing around the roadblocks, avoiding economic seismic events and of course in a politically achievable way.
https://sites.google.com/site/systemicfiscalreform/Home/location-value-…
The Systemic Fiscal Reform Group believes that any cure to the economic malaise must include development of an alternative to the private bank mortgage. From an economic perspective, the mortgage has three serious defects :
* repayments are linked to interest rates rather than market value