In today’s Observer, veteran commentator Will Hutton discusses class in Britain. But as usual, he fails to mention the underlying reason for the entrenched class divide. Nobody really wants to talk about it. The rift goes back a long way, centuries, to the Norman Conquest and perhaps before that. There are those who own land and can live off rent, at no effort. There are the rest, who must...
Wages and productivity
One of our members was asked recently, “How come, when I produce so much more today, my wages never rise? I work ever longer hours, even my wife now has to work and the cost of living always rises. Who is getting the gain from my extra work? And where will it all end? When will I get a life?”
This is why: as productivity rises, earned incomes, in the form of wages and interest, fall...
FT columnist spells out LVT case
The respected financial journalist Martin Wolf has spelled out the arguments for LVT in this article in the Financial Times. Curiously, it is headed “Why Cable’s mansions tax is right”, because Cable’s mansions tax is not LVT. The author has merely used Cable’s proposal as a peg to hang the LVT case on. Hooray!
Of course, as the Campaign has been arguing for many years,...
An alarm call to LVT advocates
Fred Harrison, the forthright and veteran LVT campaigner, has an important message for all of us in the light of the present economic crisis.
“The fate of the 21st century will be sealed by the decisions made by governments over the next two or three years. At the risk of appearing to sensationalise, I must state that, in my humble view, the fate of Western civilisation hangs in the balan...
LVT wouldn’t work – people say
This is an extract from a discussion on the Guardian’s “Comment is Free”
I’m not convinced by the argument.
To start with, you are describing a method of taxation. It’s not clear why “poverty and unemployment; widening divisions between rich and poor; boom-slump cycles; housing shortages; inadequate infrastructure; and damage to the environment” will be...
Can the state protect human rights?
Prompted by the economic crisis and the sixtieth anniversary of the UN declaration, human rights have been the subject of several pieces arguing that states should have a stronger role to ensure that people’s rights are protected. But human rights are not guaranteed by defining them as such, rather they arise by defining the corresponding duties which confer those rights. Once the duties of...
Is Libertarianism dead?
Advocates of our policy often find themselves in conflict with both “left” and “right”. The discussion below, which arose out of an article on Libertarianism, is an example of the latter. I wrote…
There is just one flaw in the libertarian argument but it is fatal. It fails on the question of land rights. Nozick, one of the prophets of modern libertarianism, skirts over...
Whose land is it?
I came across this in a Guardian discussion group just now, written by someone with the pseudonym MrDismal. Apart from the slight inaccuracy in the first sentence, it puts the issue beautifully, taking a bigger view…
LVT means a bigger cake
Some critics of LVT argue that it just shifts the money around a bit, and nothing more. This is not so. Replacing existing taxes by a land tax actually does result in increased production and wealth creation. It does this in two ways.
Economic prospect worsens
The news gets stranger. The UK pound continues to drop, now on the news that the government will breach its self-imposed borrowing limits, which have proved to be worthless when they might have been most needed. Clearly, Gordon Brown’s economic policies were not designed to withstand stormy conditions. An expected shortage of tax revenues, combined with a growing bill for unemployment benefit,...