Having been active in campaigning for LVT for almost forty years and with nothing to show for it, I have long concluded that our main difficulty is the little matter of vested interests to overcome.
What are banks for? A personal view
What exactly are the proper functions of a bank?
A homeopathic dose of LVT
“Making the change revenue neutral should avoid opposition from Treasury and minimise increases for those required to pay more.” (comment in a discussion on implementing LVT)
Do were really believe in what we are proposing? Some people need to pay more tax because many others are paying too much at the moment, often to the point that it is not worth employing them at the margin, and...
A neat coincidence
“If they are making money in UK, then they should pay UK tax.” (comment on a newspaper article)
“Should pay” is one thing, “Can actually be made to pay” is another. The rights and wrongs of it are something else again, because whether people ought to pay tax depends, surely, on how the money is “made”? It is immoral and harmful to for the state take...
Quack! Quack!
Our sleuths have discovered that the hacking scandal has extended to eavesdropping on private conversations between doctors and patients. We have been passed the transcript of one conversation from a surgery somewhere in the Whitehall area.
An exchange of comments
I reproduce this exchange from the Guardian’s Comment is Free pages, commenting on an article by Peter Wilby on paying for care. I am sure, however, that there is no argument under the sun that could convince the author of the comments (in italics), who seems to have got out of bed on the wrong side this morning and is showing signs of irritation.
Ageing population puts pressure on exchequer
Further tax increases or spending cuts are likely to be needed after the current fiscal consolidation to help meet the budgetary costs of an ageing population, according to the first long-term Fiscal sustainability report from the Office of Budget Responsibility.
What can this mean for us? The Coalition for Economic Justice, to which the Campaign is affiliated, is at present engaged in an attempt...
Mortgage interest – have we missed a trick?
One of our members, Robin Smith, has been looking at the nature of mortgage interest. He says this.
“Economic rent” is the location value, that is, not including the capital value of the building or the price of its “hire”. Tax is used to pay for benefits received from these community created location values. Roads , hospitals, security of possession, schools etc.
So tax...
Is it “Give us jobs!” Or “Laborare est orare”?
I noticed today an article under the headline”…British youth protest needs the spirit of los indignados…We’re marching from town to town to build a mass movement against the cuts, demanding job creation, not destruction.”
The author of the article, Paul Callanan, writing in today’s Guardian, is the national organiser for the Youth Fight for Jobs campaign. He continues
“if...
The pain on the high street
An editorial in the Guardian today refers to the failure of major retail chains and the increasing number of empty shops on Britain’s high streets.
The retailers referred to were all part of the froth economy and it was inevitable that they would fail when the going got hard. Some, perhaps most, had failed to keep up with changing tastes. However, the fiscal incentive is to keep vacant premises...