Comment - Land Value Tax Campaign

Mortgages – a double injustice

Written on 29 October 2011. Posted in Banking.

The mortgage is the device by which banks create money in return for the pledge of land rent privatised by a home buyer. Mortgages are a double injustice leading to poverty, financial instability and unaffordable housing.

Why we are against a financial services tax

Written on 28 October 2011. Posted in Banking.

It is worrying when powerful and influential politicians declare their support for damaging and unprincipled economic proposals. But it happens all the time. Setting out his pitch in anticipation of the G20 Summit which starts in a few days’ time, Wolfgang Schäuble, Germany’s finance minister, announced that he wants the European Union “to take the global lead in introducing a...

Council Tax freeze – Tories go with instincts

Written on 3 October 2011. Posted in Home-Owner-Ism.

We do not particularly approve of the Council Tax but it at least has the merits of being a property tax. A cut in this tax has the immediate effect of pushing up rents and preventing the fall of house prices to realistic levels. So in announcing a Council Tax freeze “to help pensioners and the low paid”, the Chancellor is running true to Tory instincts in protecting property values...

Our Dodgy Dossier

Written on 24 September 2011. Posted in Banking.

Our Dodgy Dossier is of course for amusement only – but when politicians, professional economists and the majority of commentators obviously have little or no idea what they are talking about and make things up as they go along, we make no apologies for this frivolity. If this sounds arrogant – how it is that leaders and economics experts from the greatest countries in Western Europe...

How to solve the world’s economic crisis

Written on 24 September 2011. Posted in Banking.

Our undercover reporter has a part-time job as a contract cleaner working at the Treasury, and managed to sneak into George Osborne’s office late last night where, screwed up under the desk, he found a piece of paper headed. TOP SECRET – BRIEFING NOTES TO CoE. We aren’t sure who exactly CoE is as there are quite a few organisations with that acronym and for all we know he could...

DimLambs declare war on fat cats

Written on 19 September 2011. Posted in Taxation.

“It will all be over by Bonus Day,” says top brass. Speaking from their heavily fortified bunker in Birmingham, the top brass of the DimLambs announced that they were preparing all out battle on wealthy fat cats, and were on the warpath against the evils of corporate greed, tax avoidance and tax evasion. General Mick Cloggs and his deputy Colonel ‘Invincible’ Cobbles made...

Job Creationism – again

Written on 10 September 2011. Posted in Economics.

Job creation On both sides of the Atlantic the traps are being set. The bait? Jobs. The rise in unemployment – 9.1% (14 million) in America and 7.9% (2.5 million) in the UK – is causing concern and delaying economic recovery. Growth is the mantra, growth is the answer to stagnation, economic depression, social problems and deficit reduction. The medicine – job creation.

What are the Liberal Democrats proposing?

Written on 5 September 2011. Posted in Politics.

The LibDems’ proposal for some sort of land value tax has attracted a little bit of coverage recently, but it is not clear exactly what is proposed. The root of the trouble seems to be that Liberal Democrats (and politicians generally) and press reporters and commentators have only a shallow understanding of LVT. It is not helpful that not all LVT supporters seem to have real depth of understanding...

Take her best and walk away

Written on 4 September 2011. Posted in General.

Take her best and walk away Someone else can bloody pay This land will cope with come what may and I have expectation! Take her best and leave the rest For as with Abel, I am blessed And now with debt I cannot wait another day I have your ear for sympathy? The public good sounds good to me and now my work of love is done I hope with offer, you have come Within each famine nests a feast While...

You can bet on the banks

Written on 3 September 2011. Posted in Banking.

There is increasing nervousness in government circles about proposed changes that will split up and ring-fence the retail arm of the banks from the tarnished investment or ‘casino’ operations that contributed to the current crash. However, we have obtained a leaked draft report containing proposals suggesting that far from separating the retail and investment arms, the government is...

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