Tuesday, March 20, 2012

More calls for LVT

What Cameron and Clegg could learn from Churchill and Lloyd George

"In the lead up to Budget day, the government of a nation eviscerated by inequalities -- where 40 per cent of all the wealth is owned by 5 per cent of the population and 70 per cent of approximately 60 million acres of land owned by less than 1 per cent of the population -- should not exacerbate the perception of unfairness. Needless to say, the most effective way of tackling these perceptions would be to change the reality. In order to tackle inequality in a serious way, the coalition government need a set of policies as radical as those introduced in 1909 by the government under Lloyd George and Winston Churchill when they put forward a proposal for a land value tax." Of course, it was successfully opposed by the five per cent in the House of Lords

Posted by stuartking @ 07:31 PM (1174 views)
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One thought on “More calls for LVT

  • mark wadsworth says:

    Which is why the One Per Cent hedged their bets in two ways:

    1. In the short term, they started the First World War (the German autocrats might have done this for similar reasons, LVT was gaining traction over there for real, the same as in the USA).

    2. They relinquished a small amount of land to fool a working electoral majority into thinking that rising land values was the be all and and all of the economy, things are much more democratic now than they used to be, so they have to keep owner-occupier rates at 60% or above. The fact that half those owner-occupiers have crippling mortgages and pay for more in income tax than they gain in land value increases is neither here nor there, a little bit of Fool’s Gold goes a long way.

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