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The Social Justice Argument for LVT

Written on . Posted in Politics.

ALTER, the LibDem group campaigning for LVT, has a produced a new report on the social justice argument for LVT. We would like to be able to commend this but unfortunately we can not. The report’s argument is based on the fundamental error that land is wealth, and that land ownership is synonymous with wealth ownership. It most definitely is not, and this is no mere pedantic quibble. Confusion on this point is one reason why the banks got themselves into such a mess. When discussing economics, the definitions of terms and concepts is something that matters. You can find the article here