BREXIT was a gift to the peoples of Europe by those in Britain who voted to leave the European Union, argue the authors of Beyond Brexit: The Blueprint. As a consequence of the referendum decision, the EU is undertaking a review of the crises facing Europe. At their meeting in Rome in March 2017, to celebrate the 60th anniversary of the Treaty of Rome, governments from 27 countries – with the UK absent – will receive a plan from Brussels on how to address the problems which, in large measure, were due to fundamental flaws in the way the European project evolved.
But the proposals for reform will not include the restructuring of taxation. VAT alone is costing Europe at least €1 trillion a year in deadweight losses – the value of wealth and welfare that would be created if Europe’s governments raised their revenue from economic rent rather than from the regressive VAT, according to emeritus professor of economics Mason Gaffney in his contribution to Beyond Brexit. Co-author Fred Harrison estimates that the UK would be producing around £500bn more, if people were not burdened by what he calls the Treadmill Taxes on wages and profits.
Treating Brexit as the historic opportunity to redefine how the UK views itself, Harrison analyses how a switch in the fiscal system would emancipate people psychologically, spiritually and materially. And by shifting taxes off earned incomes, the home market would expand by more than what would be lost if the EU imposes tariffs on British exports. According to Harrison, that would shift the negotiating power in favour of the UK, leading to a settlement with the EU that would be to the mutual advantage of everyone in Europe.
Further Reading: The Traumatised Society by Fred Harrison A New Model of the Economy by Brian Hodgkinson Eradicating Ecocide by Polly Higgins ‘This analysis [The Traumatised Society] integrates many data and many explanations to attack private land ownership as the...read more
Further Reading: Progress and Poverty by Henry George The Traumatised Society by Fred Harrison Public Revenue Without Taxation by Ronald Burgess The Land Value Tax (LVT) is a “radical” form of taxation first proposed by Henry George in his 1879 Progress and Poverty...read more
Further Reading: Lie of the Land by Duncan Pickard Ricardo's Law by Fred Harrison The Traumatised Society by Fred Harrison In an article in the Guardian George Monbiot posed the question: ‘Why do we ignore the most blatant transfer of money from the poor to the rich?’...read more
Further Reading: A New Model of the Economy by Brian Hodgkinson The Science of Economics by Raymond Makewell At the Eastern Economic Conference in New York, Alanna Hartzok, Founder and Co-Director, Earth Rights Institute, delivered a presentation entitled, “A Tribute...read more
“You can become wealthy by creating wealth or by appropriating the wealth created by other people. When the appropriation of the wealth is illegal it is called theft or fraud. When it is legal economists call it rent-seeking”
John Kay, Financial Times 27th Dec 2009
“If a free society cannot help the many who are poor, they cannot save the few who are rich.”
John F Kennedy, Inaugural Speech, Jan 1961
“If science is defined by its ability to forecast the future, the failure of much of the economics profession to see the crisis coming should be a cause for great concern”
“Today we live in a world that is divided. A world in which we have made great progress and advances in science and technology. But it is also a world where millions of children die because they have no access to medicines… It is a world of great promise and hope. It is also a world of despair, disease and hunger”
Rent Unmasked explores the new economic paradigm that policy-makers need to solve global problems in the post-2008 era. With conventional economic theories discredited, the new model must equip governments with tools to re-stabilise societies in a dangerous world. Rent Unmasked explains why one paradigm only qualifies to serve this purpose: the dynamic model that reinstates time and space in economic theorising.
ISBN 9780856835117 | Price: £19.95