Georgism, also called geoism and single tax (archaic), is an economic ideology holding that while people should own the value they produce themselves, economic value derived from land (often including natural resources and natural opportunities) should belong equally to all members of society. Developed from the writings of American economist and social reformer Henry George, the Georgist paradigm seeks solutions to social and ecological problems, based on principles of land rights and public finance which attempt to integrate economic efficiency with social justice.
Georgism is concerned with the distribution of economic rent caused by natural monopolies, pollution and the control of commons, including title of ownership for natural resources and other contrived privileges (e.g. intellectual property). Any natural resource which is inherently limited in supply can generate economic rent, but the classical and most significant example of land monopoly involves the extraction of common ground rent from valuable urban locations. Georgists argue that taxing economic rent is efficient, fair and equitable. The main Georgist policy recommendation is a tax assessed on land value. Georgists argue that revenues from a land value tax (LVT) can be used to reduce or eliminate existing taxes (for example, on income, trade, or purchases) that are unfair and inefficient. Some Georgists also advocate for the return of surplus public revenue to the people by means of a basic income or citizen's dividend.
Economists since Adam Smith and David Ricardo have observed that a public levy on land value does not cause economic inefficiency, unlike other taxes. A land value tax also has progressive tax effects. Advocates of land value taxes argue that they would reduce economic inequality, increase economic efficiency, remove incentives to underutilize urban land and reduce property speculation. The philosophical basis of Georgism dates back to several early thinkers such as John Locke, Baruch Spinoza and Thomas Paine, but the concept of gaining public revenues mainly from land and natural resource privileges was widely popularized by Henry George and his first book Progress and Poverty (1879).
Georgist ideas were popular and influential during the late 19th and early 20th century. Political parties, institutions and communities were founded based on Georgist principles during that time. Early devotees of Henry George's economic philosophy were often termed Single Taxers for their political goal of raising public revenue mainly from a land value tax, although Georgists endorsed multiple forms of rent capture (e.g. seigniorage) as legitimate. The term Georgism was invented later and some prefer the term geoism to distinguish their beliefs from those of Henry George.
- "Georgism – Single Tax System" | 2020-05-17 | 210 Upvotes 332 Comments
John Whiteside Parsons (born Marvel Whiteside Parsons; October 2, 1914 – June 17, 1952) was an American rocket engineer, chemist, and Thelemite occultist. Associated with the California Institute of Technology (Caltech), Parsons was one of the principal founders of both the Jet Propulsion Laboratory (JPL) and the Aerojet Engineering Corporation. He invented the first rocket engine to use a castable, composite rocket propellant, and pioneered the advancement of both liquid-fuel and solid-fuel rockets.
Born in Los Angeles, Parsons was raised by a wealthy family on Orange Grove Boulevard in Pasadena. Inspired by science fiction literature, he developed an interest in rocketry in his childhood and in 1928 began amateur rocket experiments with school friend Edward S. Forman. He dropped out of Pasadena Junior College and Stanford University due to financial difficulties during the Great Depression, and in 1934 he united with Forman and graduate Frank Malina to form the Caltech-affiliated Guggenheim Aeronautical Laboratory (GALCIT) Rocket Research Group, supported by GALCIT chairman Theodore von Kármán. In 1939 the GALCIT Group gained funding from the National Academy of Sciences (NAS) to work on Jet-Assisted Take Off (JATO) for the U.S. military. After the U.S. entered World War II, they founded Aerojet in 1942 to develop and sell JATO technology; the GALCIT Group became JPL in 1943.
Following some brief involvement with Marxism in 1939, Parsons converted to Thelema, the new religious movement founded by the English occultist Aleister Crowley. Together with his first wife, Helen Northrup, Parsons joined the Agape Lodge, the Californian branch of the Thelemite Ordo Templi Orientis (O.T.O.) in 1941. At Crowley's bidding, Parsons replaced Wilfred Talbot Smith as its leader in 1942 and ran the Lodge from his mansion on Orange Grove Boulevard. Parsons was expelled from JPL and Aerojet in 1944 owing to the Lodge's infamous reputation and to his hazardous workplace conduct.
In 1945, Parsons separated from Helen, after having an affair with her sister Sara; when Sara left him for L. Ron Hubbard, Parsons conducted the Babalon Working, a series of rituals intended to invoke the Thelemic goddess Babalon on Earth. He and Hubbard continued the working with Marjorie Cameron, whom Parsons married in 1946. After Hubbard and Sara defrauded him of his life savings, Parsons resigned from the O.T.O., then held various jobs while acting as a consultant for Israel's rocket program. Amid McCarthyism, Parsons was accused of espionage and left unable to work in rocketry. In 1952 Parsons died at the age of 37 in a home laboratory explosion that attracted national media attention; the police ruled it an accident, but many associates suspected suicide or murder.
Parsons's libertarian and occult writings were published posthumously. Historians of Western esoteric tradition cite him as one of the more prominent figures in propagating Thelema across North America. Although academic interest in his scientific career was negligible, historians have come to recognize Parsons's contributions to rocket engineering. For these innovations, his advocacy of space exploration and human spaceflight, and his role in founding JPL and Aerojet, Parsons is regarded as among the most important figures in the history of the U.S. space program. He has been the subject of several biographies and fictionalized portrayals.
- "“Jack” Parsons was an American rocket engineer, chemist, & Thelemite occultist" | 2021-09-19 | 61 Upvotes 30 Comments