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Grin and bear it

There’s no money for this And we can’t afford that We have to work harder for longer for less. Do not shirk Get some work! Don’t relax Pay your tax!

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The principles of tax policy

Last November the House of Commons Treasury Committee announced an Inquiry into “The Principles of tax policy”. There were 46 responses, of which seven were from bodies that exist to promote LVT: the Coalition for Economic Justice, ALTER, the School of Economic Science, the Labour Land Campaign, the Henry George Foundation, Transforming Communities and this Campaign. In addition, the...

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Chinese ghost city in desert

Something strange is going on in China with ghost cities being built in the middle of deserts. This sounds like some form of mad land speculation. But real resources have been wasted in the process. We have always been told that land value taxation would cause this problem but it seems to happen in the absence of this tax.

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Big Society humbug

by Henry Law If “Big Society” sounds like a phrase dreamed up by a posh West End advertising agency, that is because it almost certainly is. Eventually we shall find out which one. I am all for voluntary work, community groups and the domestic economy. The value of their work probably far exceeds that of the formal economy. But the money economy was invented to facilitate the exchange...

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To George, from Mervyn

On Wednesday the Bank of England publishes its quarterly inflation report and the Governor, Mervyn King, will tomorrow write his customary official letter to the Chancellor explaining the reasons why the target of 2% has not been met for the 10th time since April 2007. Our man on the inside managed to hack into the Governor’s computer and has emailed a copy of a private letter sent to Downing...

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UK will not be cut

UK Uncut is the fast-growing organisation behind the recent protests against tax-dodging high street stores. It would be nice if they got the message that the way to stop tax avoidance is to shift from existing taxes to LVT. It is hard not to feel envious at their viral expansion, but then their message is simpler to grasp than ours is.

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The Hero of G Zero

It was reported on Thursday that Nouriel Roubini, professor of economics at New York University, said in advance of the G20 annual Davos meeting “There is complete disagreement and disarray. There is no agreement on anything. We are in a world where there is no leadership.” In other words, G20 has become G Zero. In recognition of his honesty we make the following offering: Nobody Knows It...

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Crossrail funding moves a step closer

The Mayor of London, Boris Johnson, has published proposals for consultation that would, through the planning system, seek contributions from most new developments in the capital towards the costs of delivering Crossrail. These will form part of London’s share of the funding package for the project agreed between the Mayor and ministers. Crossrail, will, it is claimed, bring significant benefits...

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