Monday, August 29, 2011
One for Mark Wadsworth
It seems that the Land Value tax idea is getting some high level support, but mostly from the Left. Why don't more free-market right-wingers support it - because they or their friends or relations own lots of property? It would clearly reward hard work and innovation at the expense of the rentier class. The main drawback that I can see is that it would inevitably be imposed on top of income tax, NI, VAT and all the rest, not instead of them, just as all the environmental taxes have been.