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Harry Hyams wanted to demolish the Albert Dock, the largest collection of listed buildings in the UK to built cheap London Docklands like tat -like Peel are offering in Liverpool Waters. Hyams? Peel? No different.
It’s a stretch but since it occurs to me... much like the Empire State perhaps. All those workers, working away in a depression, getting paid - what a fool Hoover was to create all that wealth
and spread it around a bit! And no doubt there was and is a tax bill down the line.
Hoover? He is famous for the Hoovervilles - shanty towns in the US depression. Roosevelt got things moving. There are shanty towns in the USA again as foreclosure has thrown millions out of their homes. Many shanty towns overlook empty homes.
Look at:
The USA went into major government funded infrastructure building like dams, as did Germany with its autobahns.
And how dare you buy land near a railway line, with money taken from your taxes for the benefit of all it serves. Outrageous!
Those near Crossrail stations experience a 60% increase for doing NOTHING. Cornwall taxpayers paid towards Crossrail and do not use it. The houses near the stations increase in value giving windfalls to those landowners - which people who do not use Crossrail contributed to. It is not difficult to understand. Read the Welsh MPs transcript again and understand what he is saying and Wales is no different to England or Scotland. Those that benefitted from Croassrail paid for it - the paid the whole £20 billion? Wow...
If the land was taxed by its value whether built upon or not there would be no vacant buildings in Everton. Experience all over the world has proven that. I never made it up.
And if taking tax at source is regressive (and it may well be) how does a wealth tax help?
Taxing people's earning at source
is 100% regressive. It penalizes the wealth creators. Those who should not be penalized. "
A tax on land value has been described by many as a progressive tax, since it would be paid primarily by the wealthy, and would reduce income inequality." Vince Cable is trying to get something sensible into a government that economically knows sweet nothing. LVT reclaims community crated wealth to pay for community services. It is lauded as brilliant for funding infrastructure - Hong Kong built a metro using it.
The depletion of 'wealth' to pay tax has a long and regrettably regressive history in this country
Not so. You confuse taxing income at source from high earners - the wealth creators -from taking from taxing wealth. And ever since we have had boom & busts and world-wide crashes, and poverty in an age of amazing technical advancement has not gone away. For e.g., in the USA the top 1% own more wealth that the bottom 90%. Something is clearly very wrong and deep-root analysis will point to land and its resources.
BTW, Winston Churchill was great supporter of Land Valuation Taxation -the finest speeches supporting LVT were made by him. He was in the government that caused the 1909 ructions in the House of Lords, which the Welsh MP mentions in the Assembly debate.
However, without a market there can be no wealth and no income whether the owner holds it or tries to flog it for threepence. Without a market, it is worth nothing. There is no wealth to tax. When there is income there will be something to tax. Geddit?
I got the free-market when I was about 13. Your last sentence is 100% incorrect.
Incidentally the empty house owner in Everton does not pay zero tax. If he’s lucky his community charge is discounted.
It it is uninhabitable he pays ZERO. Yet the land can stay idle for decades and then he can make a killing selling the land. As Mark Twain said..."buy land they not not making any more". That land speculator in Everton keeps that land from being used productively...and creating an eyesore...and abusing the architectural culture of the city. In times gone by you could not own land unless you used it productively. If you stopped using it to reverted back to the community. Ever since we have treated land like a saleable commodity, like a washing machine, the world's economy has gone haywire. Land is like nothing else you can ever buy. BTW, I studied economics at degree level.
Land Valuation Tax will clear up the derelict homes in Liverpool within a few years. Experience in the USA proves that so.
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