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'...without a knowledge of [the law of rent], it is impossible to understand the effect of the progress of wealth on profits and wages, or to trace satisfactorily the influence of taxation on different classes of the community' David Ricardo. When New Labour came to power it was on a wave of enthusiasm, based on the belief that, by abandoning Clause 4 and embracing humane market economics, they could usher in a more equitable social order - Blair's 'Third Way'. After three terms in office, they failed. The reason, Harrison reveals, is a hidden flaw in the market economy, which means that governments of all parties, who rely on the present tax system, transfer money from people on the lowest incomes to asset-rich investors. This was not the intention of the designers of the Welfare State: 'progressive taxation' was supposed to equalise people's life-chances. The reality emerges as the author traces the effect of taxes used to pay for public services. The process has remained unrecognised because the transfer operates unseen through the 'invisible hand' of market forces. Harrison exposes how this works by analysing the property market. Owners of high-value homes recoup what they pay in taxes through rising property prices. Much of this increase is the result of tax-funded state spending on infrastructure and public services - good state schools, for example, can add GBP20/30,000 to house prices. Lower-income earners, living in less desirable locations, and families who rent their homes, do not share this windfall. This is why the gap between rich and poor, and rich areas and poor areas, continues to widen, defeating the best intentions of governments. This outcome is not the result of market failure, as many argue, but the failure of governance. Economists and policy-makers choose to ignore the Law of Rent, also known as Ricardo's Law after the economist who provided the first scientific explanation of how it works.

Francis Joseph Cassavant is eighteen. He has just returned home from the Second World War, and he has no face. He does have a gun and a mission: to murder his childhood hero. "Missing in Death" When Laura Munson's essay was first published, the New York Times was so flooded with responses that they had to close down the comment feature on their website. Readers sent it to their friends and therapists gave it to their clients. What did Munson write that caused such a fervour? Laura detailed what happened when her husband of more than twenty years told her he wasn't sure he loved her anymore and wanted to move out. Laura's response to her husband: I don't buy it. In this poignant and funny memoir, Laura London Journal 1762-1763 download PDF recounts the time her faith in her marriage was put to the test. Shaken to the core after the death of her beloved father, not finding the professional success that she had hoped for, and after much therapy, Laura, aged forty, realised she had to stop basing her happiness on things outside her control and commit to an 'End of Suffering'.

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Author: Fred Harrison
Number of Pages: 320 pages
Published Date: 01 Dec 2006
Publisher: Shepheard-Walwyn (Publishers) Ltd
Publication Country: London, United Kingdom
Language: English
ISBN: 9780856832413
Download Link: Click Here
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Death of a Scriptwriter pdf, epub, mobi