Increase of Publicly-Created Land Rent to Private Individuals and Organisations

It is important to highlight that the graph above uses data from the Australian economy.

This is the only graph of its type known to exist - we are currently unaware of any similar graph that has been produced for the European Union or USA.

There is no evidence to suggest that the Australian graph above differs significantly for any other Western Nation.

Source: Ineffective Demand, December 2008.

http://www.prosper.org.au/2009/01/28/ineffective-demand/

"Not Sharing In The Gains": USA Employee Salaries and Corporate Profits as share of GDP

Corporate profits have improved sharply whilst the take home pay of the typical worker has failed to keep up with inflation. 

Compiled using Quarterly Figures. Shaded areas show recessions.

Source: http://www.nytimes.com/2006/08/28/business/28wages.html?pagewanted=all

Continually Declining Wages As Percentage of GDP In The European Union since 1969

Source: study carried out by Ian Dew-Becker and Robert Gordon, September 2005.

http://www.capitalism-and-crisis.info/telechargements/pdf/GB_MR_The_sources_contradictions_and_limitations_of_the_growth_in_Eastern_Asia.pdf

Britain’s history is such that land is distributed more unequally than in Brazil. There, 1 per cent of the population owns 49 per cent of the land; here, 0.3 per cent owns 69 percent.

-Philippe Legrain article.

There are a million empty homes in England. Most in highly desirable locations. Many more than 6 months vacant. Most are privately owned. Most are second homes. There is no excuse for this.  Whenever anyone stands up in public and declares there are not enough homes, please point them in the direction of this resource:-

http://www.emptyhomes.com/usefulresources/stats/statistics.html

Winston Churchill: "The landlord who happens to own a plot of land on the outskirts of a great city … watches the busy population around him making the city larger, richer, more convenient. .. and all the while sits and does nothing. Roads are made … services are improved … water is brought from reservoirs one hundred miles off in the mountains and -all the while the landlord sits still … To not one of these improvements does the landlord monopolist contribute and yet by every one of them the value of his land is enhanced … At last the land becomes ripe for sale – that means the price is too tempting to be resisted any longer … In fact you may say that the unearned increment … is reaped by the land monopolist in exact proportion not to the service, but to the disservice done."

- Winston Churchill during debates on the Finance Act 1910, as quoted by Hagman and Misczynski, Windfalls for wipeouts: Land value capture and compensation, 1978.