Tuesday, September 25, 2012
Jeremy Warner on message!
"Taxing land value, in other words, is the equivalent of taxing an economic rent â€“ it does not discourage any socially desirable form of wealth creation. Moreover, in a world where both income and capital are increasingly mobile, there are obvious advantages in taxing the physical; it is less easily avoided. So in an ideal world, you might indeed want to tax land more, while reducing income and other forms of capital taxes to compensate. Yet Iâ€™m quite sure thatâ€™s not what the Liberal Democrats have in mind."