Originally Posted by
Ged
No extra bodies required on what I proposed either just new laws tagged onto what already, or as it seems, doesn't already exist. LVT would probably also deter land buyers and who determines the value? - then what? An end result like now where the council owns bomb sites like on Tithebarn Street that still remain unused or as unsightly make shift car parks.
LVT does not deter land buyers, as all land will be taxed by LVT. As I said, understand what is does and its aims.
http://en.wikipedia.org/wiki/Land_value_tax
http://en.wikipedia.org/wiki/Georgism
Implemented country-wide it means no personal income tax, only tax on the value of land - all land. It is not a property tax, it is a Land Value Tax. LVT regards property as the bricks on the land. Build conservatory on your house and Council Tax taxes your improvements. LVT does not, encouraging improvements. The value is determined much like the unneeded Council Tax. A tax that makes shark companies like Capita super rich today.
"The combination of a potentially wide tax base and the fact that land is
physically fixed, which makes avoidance and concealment of the asset and its tax liability very difficult, point to land value taxation as a good method
of raising revenue without distorting behaviour."
- Telegraph, February 4, 2005
"Hong Kong is perhaps the best example today of a successful implementation of a high land value tax. The Hong Kong government generates more than 35% of its revenue from land taxes. Because of this, it can keep other taxes low or non-existent, and still maintain a budget surplus."
div>
Famous Georgists:
Leo Tolstoy, Sun Yat Sen, David Lloyd, George, Winston Churchill, George Grey, Walter Burley Griffin, Clarence Darrow, Mark Twain, Albert Einstein.
Bookmarks