how come we ve gone backwards n.
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How come we’ve gone backwards? PowerPoint Presentation
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How come we’ve gone backwards?

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How come we’ve gone backwards? - PowerPoint PPT Presentation

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How come we’ve gone backwards?
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  1. How come we’ve gone backwards? • When land rent was captured for revenue, the humble English labourer was far better off than he is today [!] You read that correctly • A skilled craftsmen such as a carpenter had even higher wages than the labourer • These charts are constructed from Thorold Rogers’ “Six Centuries of Work and Wages” and an 1845 parliamentary speech on land rent and taxation by Richard Cobden

  2. So, at the peak here, the English labourer still had almost 2/3rds of his wages left after food, clothing and shelter!

  3. No, not as a result of the Black Death! Here’s the shortage of labour bubble due to the black death. black death

  4. Once you understand taxes destroy and impose deadweight costs on the economy—and land rent does not do these things—it should all start to become clear to anyone with an open mind