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Home / Mike Norman Economics / Unconventional Economics – How the Rich Steal From the Poor. Part One.

Unconventional Economics – How the Rich Steal From the Poor. Part One.

Summary:
A lesson in economics you won't find in mainstream textbooks. How the rich get richer from stolen land. Using ideas from Thomas Paine and Henry George and encompassing: citizen's income (aka citizen's dividend), the housing crisis and land value tax (LVT). If the ideas in this video were implemented the impact on the poorest in our society and especially the homeless would be enormous. Since making this video I have been informed that Joseph Charlier was the historical figure that made arguments closest to those proposed here. According to Wikipedia:  "Joseph Charlier (20 June 1816 – 6 December 1896) was a Belgian self-described jurist, writer, accountant, and merchant. He was one of the earliest proponents of a citizen's income or guaranteed minimum income, preceding even the "state

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A lesson in economics you won't find in mainstream textbooks. How the rich get richer from stolen land.

Using ideas from Thomas Paine and Henry George and encompassing: citizen's income (aka citizen's dividend), the housing crisis and land value tax (LVT). If the ideas in this video were implemented the impact on the poorest in our society and especially the homeless would be enormous.

Since making this video I have been informed that Joseph Charlier was the historical figure that made arguments closest to those proposed here. According to Wikipedia:  "Joseph Charlier (20 June 1816 – 6 December 1896) was a Belgian self-described jurist, writer, accountant, and merchant. He was one of the earliest proponents of a citizen's income or guaranteed minimum income, preceding even the "state bonus" scheme published by British Dennis Milner (1892–1956) in 1920. " ... "Charlier proposed a scheme with a basic income paid unconditionally to every member of society, regardless of need or ability to work."



Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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