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Our home, our birthright
Our home, our birthright.

What is Geonomics?

Geonomics is an economic system that recognizes the benefit of treating nature's gifts as common property and the injustice of the planet being owned by a minority. Geonomics tackles the persistent problem of growing poverty amidst technological advances while being grounded in principles of freedom and justice.

The tenets of geonomics >

How it Works

At its most basic, Geonomics is the substitution of taxes on labor, production, and capital, with community collection of the value created by communities, which belongs to those communities, and the opportunities provided by nature, which belongs equally to all humanity.

The following tutorials explain the economic theories upon which Geonomics rests. We recommend visiting them in order.

The Gini Coefficient and Why Reducing Wealth Inequality Matters

The Gini Coefficient measures wealth inequality
The Gini Coefficient is a measure of wealth inequality. As wealth inequality becomes greater, society becomes more prone to either tyranny or collapse. Developed nations try to combat extreme wealth equality with a planned economy. Geonomics does so through the market.
The initial question is "should we care about wealth inequality?" After all, people are always going to have different amounts of wealth, and we need a certain amount of disequillibrium to drive the economy.

It turns out that there is strong evidence that, beyond a certain level, wealth inequality causes civilizations to regress and eventually collapse. It also leads to stagnation in innovation, and waste of effort in unproductive ways. Such societies cannot last, and either rot from within or are conquered from the outside. The process then begins anew.

In this tutorial, we examine the pitfalls the extreme wealth inequality can lead society and civilization into and show the likelihood that wealth inequality has stronger consequences in a democracy than in other forms of government.

Not All Taxes are Created Equal

Taxes
Is "ability to pay" really the best system of taxes? Geonomics proposes the "benefits received" system.
Most people recognize that there is a basic need for certain public services, typically in areas best served by a monopoly, that require funding by some sort of taxation.

However, taxes vary widely in the negative effects they have on society; the difference has been likened to a small, poorly-packed load that is difficult to carry versus a well-packed (and possibly larger) load that is carried with ease.

Current taxation in most countries has two common elements:

  1. It is based on ability to pay. Graduated income tax, VAT, etc. assume that those who earn more or who can buy more deserve to be taxed more.
  2. It casts a wide net. Despite numerous loopholes in the tax code, taxes are made to fall on a large number of activities so as to confer little advantage to different people, and to prevent distortions in the market.

In this tutorial, we compare taxes, and the problems commonly associated with them to see how to generate less harm from taxes.

Definitions of the Terms Used throughout this Site

Convinced we need to fight wealth inequality? Willing to concede that there could be a better tax system? Then you're ready to dig into Geonomics.

In order to be able to grasp and relate the ideas underlying geonomics, it is important to have consistent, comprehensive non-equivocative definitions for economic terms.

This section gives the definitions that are used consistently throughout this site and shows why such definitions are important.

The Economic Factors of Production and Wealth

Land, Labor, and Capital
Land, Labor, and Capital: the three factors of wealth in classical economics.
Classical economics asserts three factors of wealth:
  • Land: naturally-occurring resources such as soil and minerals that are used in the creation of products, natural opportunities such as fising and hunting quotas, natural forces such as the electromagnetic spectrum, and natural services such as pollution filtering. The payment for land is rent.
  • Labor: human effort which includes physical, technical and marketing expertise that is used in production or directly ministering to human desires. The payment for labor is a wage.
  • Capital: wealth which is used in the production of additional wealth. These include machinery, tools and buildings. In a general sense, the payment for capital is called interest.

In this tutorial, we show how these three factors corelate and combine to form wealth.

Margin of Production

Margin of Production
Land with different natural qualities or locational advantages will have different prices. As the best land is appropriated, rent increases and wages are driven down.
The price of land, and the average worker's wages are determined by the margin of production. Rent, the payment to titleholders of resources, is determined by the difference between the productiveness of the land in question versus that of the least productive land in use.

It is important to note that the margin operates not only on agricultural land, where it is commonly called the margin of cultivation and where differences are due more to natural conditions of the land, but on commercial, industrial, and residential land as well - where differences are largely due to location or infrastructure.

In this tutorial, we examine the margin of production.

Overpopulation and the Malthusian Theory

Is overpopulation the cause of poverty?
While there is a limit to how many people the Earth can maintain, is the crushing poverty that we're seeing today caused by overpopulation, or can causes be traced more proximately to greed and mismanagement?
It seems obvious that there are too many people for the Earth to sustain in a fair amount of comfort; starvation, vice, and disease seem to be the method nature uses to keep the human population in check.

The theory underlying Geonomics shows that, were population to be stabilized, human suffering would still increase as technological progress continued.

Additionally, on closer examination of many of the cases purported to be proof of the Malthusean Population Theory, it is found that the human suffering attributed to overpopulation can instead be attributed to a force preventing or compelling others from taking action that would alleviate the suffering.

In this tutorial, we show that the Earth still has plenty of ability to support an increased population - in increased comfort - and we use some thought experiments to reveal the unnatural forces largely responsible for human suffering.

The Boom/Bust Cycle

The Economic Rollercoaster Ride
Roughly every 18 years, The United States goes through the boom/bust cycle. While government agencies try to dampen the extremes, one of the root causes is continuously not addressed.

The boom/bust cycle has happened enough times throughout recent history that we begin to view it is a natural thing. We speak of the economy overheating, we speak of stagflation, we speak of overproduction and overconsumption, but how often do we stop to think how odd it is that there are people who are willing to work that must be maintained by the charity of others, including welfare and unemployment.

There are a number of reasons for the boom/bust cycle, but in this tutorial, we focus on one critical reason: the advancing of the speculative margin of production beyond the actual margin of production.

Application to Other Resources

The term land covers all natural forces and opportunities.
The economic term "land" covers all natural forces and opportunities. In this example: water rights, clean air, plants and animals, oil and minerals, and the EM spectrum. Geonomics also focuses on recovering money from privilege such as LLCs, patents, etc.

Geonomics can be extended to anything that earns rent. It can also be extended to any government-granted privileges.

In this tutorial, we examine the 7 big privileges corporations get, and investigate some of the other areas where Geonomics can recapture revenue.

Citizen's Dividend / Guaranteed Basic Income

The citizen's dividend gives all citizens a financial stake in the country
The citizen's dividend is a share in the prosperity of the country. It is not funded from the efforts of others, but from rent and privilege fees as compensation for lost opportunities. As such, it causes minimal distortions in the market.

One of the more controversial issues tied to Geonomics is that of a citizen's dividend: a minimum guaranteed income representing one share in the natural value of the country - paid for lost opportunities. The important thing to note is that there would be no distinction between citizens: young, old, rich, poor, handicapped, able-bodied would all receive the same amount. The only exception would be that local communities and states could give their residents dividends from the value generated by those entities. This would allow juristictions to compete for residents.

In this tutorial, we investigate the pros and cons of the C.D., show some figures on how much it could be (in the U.S.), and take virtual tours of places that are already doing it or a derivative.

Rebuttals to Common Objections / Thought Experiments

Game point
Answers to common objections, and some thought experiments

In this section, we address several common objections and offer some thought experiments to think about at your liesure.

We ask you to bear in mind that no solution is a panacea, but there are things that move us closer to or further away from our goals. The goals of the supporters of Geonomics are freedom, equality of opportunity, justice, and a belief in human progress.

Thank you for taking the time to learn about Geonomics. If you have any questions or comments, please post to our boards.