Friday, Dec 04, 2009

More proof of Land Value Tax suppresion?

FT: Try land value tax to squeeze bubble

The head of the world bank avoids mention of LVT (I should imagine he would swiftly become the ex head of the world bank if he did)

Posted by the number cruncher @ 10:31 PM (1151 views)
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1. mark wadsworth said...

That's my mate Charles Bazlinton who wrote that. Excellent letter, as ever.

Friday, December 4, 2009 11:35PM Report Comment

2. paul said...

I'm personally glad your idea is gaining traction mark.

It's about bloody time.

Friday, December 4, 2009 11:56PM Report Comment

3. phdinbubbles said...

I was a bit more than disappointed by Vince Cable's performance on QT on thursday. I was looking forward to him slaying Krusty beforehand, but thankfully Clive Anderson, of all people, came to the rescue with his case for LVT.

Saturday, December 5, 2009 12:30AM Report Comment

4. drewster said...

I thought the same as Charles when I read the original article (FT: Heed the danger of asset bubbles) - why doesn't this guy mention Land Value Tax? Is it such a taboo?

Incidentally, Singapore's system isn't true LVT. The government owns most of the land and leases it, typically on 20-year leases. The results are similar to LVT but it's uncontroversial because there is little historical attachment to the land. People find it easier to accept the idea that the government is just one landlord amongst many, rather than having to pay a tax bill. Admittedly the government is by far the biggest landlord with 85% of the land. Nevertheless the nuances between ownership and leasing are important. The Singaporean model of government ownership of land wouldn't gain much traction in the UK!

Saturday, December 5, 2009 12:59AM Report Comment

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