This comment turned up in a discussion group last week…
“Rothbard (a leading prophet of neo-Libertarianism) addressed LVT and its bad consequences very nicely
“Therefore, the market will no longer be able to insure that these locations will go to the most efficient bidders. Instead, everyone will rush to grab the best locations. A wild stampede will ensue for the choice downtown...
Is it wrong to tax imputed incomes?
One of the arguments being put against LVT is that is a tax on imputed incomes, not real ones. The point was wittily made in a letter in the FT a few days ago – “if LVT is a tax on imputed incomes”, it was asked, “could it be paid with an imputed cheque?”
Accepting this line of argument, all you could expect for your imputed payment would be imputed police and fire...
Dishonest principles
One of our supporters sent a copy of our comments on the report of the Treasury Committee Tax Review Inquiry back to the Treasury Committee. It was answered by the House of Commons Committee Assistant as follows:
“The Committee did not give an opinion either way on whether land value tax was worth further consideration. Instead it noted that radical tax changes had been mooted, and drew attention...
What are the prospects for LVT in Britain?
The past few months have seen a flurry of activity which has probably helped to bring LVT more public attention more than for several decades. Notably, it was espoused by one of the candidates for the Labour leadership and there were three articles in the Guardian.
The first two articles were vague to the point that it was unclear what was being proposed. The third of the articles, by Mark Braund,...
More objections to LVT
These by email from someone called Richard Davis, of a company called Praetorian Properties, so not exactly a disinterested party. One would have thought that a property professional would have a better grasp of the implication of LVT, but seemingly not in this case. I tried to reply but the email was returned.
Why do we bother?
There was another article in the Guardian in support of LVT yesterday. This produced a torrent of the usual fatuous objections, which are well worth reading. Such is the void in understanding that it is clear that we have decades of work to do. Sometimes I wonder if it is worth bothering. If the British want to live in a country where the wealth divide is getting ever greater, to the point that...
We have been warned
Yesterday’s Guardian carried an article promoting LVT, written by prospective Labour leader Andy Burnham. It completely failed to anticipate the barrage of flak that was going to be thrown up. The responses should be a warning to all of us campaigning for LVT. We need to present the case better, which means that we all needs to understand it and be able to defend it against the kind of absurd...
Is LVT a wealth tax?
Wealth taxes are a very bad idea, and this example shows why. There is an old woman I know who lives on a small state pension and disability benefits, in sheltered accommodation. But her great grandfather was a well known Victorian painter and she inherited a couple of pictures. They need expensive conservation which she cannot afford.
But under wealth tax someone would have to check to see what...
Didn’t Murray Rothbard demolish the case for LVT?
Rothbard put the case against LVT in Critique of Georgism and Reply to Georgists They are demolished in A Critique of Murray Rothbard’s Critique of the Georgist Argument
From Tax Justice Network
“If they (the wealthy) don’t want to pay land taxes, they shift all their income-generating assets somewhere else (that won’t subject them to land value tax.) Offshore. They have escaped the land value tax. None of this is to say that land value taxes aren’t good. Quite the contrary. It’s just that they can only ever be part of a solution.”
Can someone please...