LVT's OK if it's Taxing ONLY the rich
markibrown at hotmail.com
Sun Feb 22 11:59:42 GMT 2004
Is not the ownership of land above a certain landholding size not
ostentatious (and so deserving to be taxed)? Would not a betterment tax -
tax on development over a certain development value - (which the Labour Govt
of 1967 brought in only for it to be withdrawn by the Tories in 71) be a
more equitable means of redistributing inordinately large amounts of wealth?
Wouldnt both such measures combined be a much more effective, humane and
fairer way of raising money than the current council tax?
Of course, also, we wouldnt need as much tax if rich landowners didnt get
so much subsidy from the public purse.
I have expressed my worries about why a uniform LVT is a bad idea already.
From: "diggers350" <tony at g...>
Date: Fri Feb 20, 2004 10:45 am
Subject: Land Tax favoured by the FT
I have always been dead against this whole artificial 'Henry George' land
tax movement. Their agenda becomes clearer now they have been joined by
elitist writer Martin Wolf. If anyone can get hold of the full article I'd
Land is something we all need - and a land tax is like taxing water, books
or food. Any just or moral taxation policy - assuming the government can be
trusted to spend tax revenue wisely which they can't - is to tax ostentation
and the trappings of opulence; luxuries such as global financial services
(the tobin tax), aviation fuel and fast or gas guzzling cars. As a basic
moral principle anything which is a basic human need must be free from tax.
We'll be taxing rough sleeping next.
Tony Gosling 0117 944 6219
Martin Wolf: Why on earth not put a tax on land?
Financial Times - Feb 19 2004
Taxing land, rather than development, is moral because owners contribute
nothing to land's value; and efficient, because taxing land distorts
National tax on land values finds favour
20 February 2004 08:50
A land value tax is an idea whose time has come, says Martin Wolf, in the
He says uniform site, or land value taxation, is a "no-brainer" but what
makes it particularly attractive today is its superiority to other taxes now
imposed on property.
He says what is needed is a national tax on the value of land holdings
instead of the council tax and the uniform business rate. He says it is both
fair and efficient and should be adopted.
Financial Times 20/02/04 page 17
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