The
recession and its aftermath have widened England’s north-south divide
and hit low-skilled workers hardest, says an official analysis of the
labour market since unemployment hit a 30-year low in 2005.
This is precisely what the theories we are working to would predict and explain. In the absence of LVT, those at the margin suffer them most when things go wrong.See full article in the FT
A lot of opposition to cut through
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...
The squeezed middle
The FT today has a collection of articles on how the middle classes are being squeezed as societies around the world are polarising into the very rich and the rest. This is precisely what the theories we are working from would predict. Monopoly, originally called The Landlord’s Game, was devised by our predecessors to demonstrate this. In most countries today, the Monopoly game is being played...
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...