I work away from home all the time and basically live out of a hotel all week. I only use my house at the weekend (which is for sale anyway). When I sell, I’m considering staying in hotels permanently.
So under LVT would I effectively be paying no tax?
Land isn’t a primary factor of production any more
From a discussion group…
“Land isn’t a primary factor in a knowledge based, high technology economy. It’s a primary factor in an agricultural economy. You are a few hundred years behind the times.“
Why does this idea keep popping up?
Would LVT disrupt financial services?
Yes. It would transform them. It is not the least of the beneficial effects of LVT.
Absurdest-ever argument against LVT
From the “Guardian’s Comment is Free” website, this must surely deserve some sort of prize as the absurdest-ever argument against LVT“So someone who earns £1million a year and owns no land (or lives in a small flat) pays no tax, and a pensioner on nothing but the state pension who happens to live in an average house in Battersea, inner London, that he bought for £200 in the...
Would LVT really hit the homeowner?
LVT advocates tend to hold back through fear of an angry reaction from homeowners, but consider this. Most land value is in land used for productive purposes, that is, land used for wealth creation other than agriculture. That must be so. The most productive land is not used for housing. But the value of land in commercial use is presently depressed by taxes that fall on business. The chief amongst...
What are the barriers to LVT?
In response to a question that was circulated recently amongst LVT supporters, I received a list which must come close to being exhaustive. I am not sure whether all the things on the list really are barriers, but even if they were, on that basis, it would still be reasonable to expect support for LVT from politicians, academics and journalists with a commitment to social reform – who together...
Forestry would become uneconomic under LVT
“The reason why such asset taxes are a bad idea is because there is no obvious reason why the mere possession of an illiquid asset should correspond with ability to pay on an annual or any other periodic basis. Consider planting a forest for commercial timber for example. Each year, the value of the timber goes up, but according to you the owner should have to pay a tax on the rental value...
The arguments we have to answer
That’s my home. Get your dirty tax hands off it
Homeowners instinctively hate a mansion tax. They feel their hard-earned bricks and mortar should be beyond the State. So wrote Matthew Parris in today’s Times. The article is worth reading and so are the dozens of comments that follow,
What would be the impact of LVT on pensioners?
The Campaign needs to give further attention to the criticism that the introduction of LVT would force elderly people on small fixed incomes out of their homes. This comment we have received describes a not unusual situation…
LVT would drive business out of the country
We have received the following comments which suggest that the Campaign is not succeeding in putting over its message as clearly as it needs to…