They never really -although no angles. The 1700s accounting and tax systems we have did that. It creates periodic booms and busts.
Land prices follow the boost in the economy. That is true as the economy rises. The economy is taxed: earning, VAT, profits - progressive taxation. The value of the land is not and the land overtakes the the rest of the economy. Land values, cascaded into home prices, then overtakes and bust follows. The 1929 and 2008 crashes were property fuelled.
- Taxing what people put into the economy/society is wrong - by a tax on their wages, profits. This holds us back as our efforst are penalised.
- Taxing what people take out of the economy/society, such land value is the way.
Look at Fred's videos. He has a series of six short vids. Well worth looking at. All comes clear.
http://www.youtube.com/watch?v=6ZkfmY1PMng
http://www.youtube.com/watch?v=ki-Od1MMa78&NR=1
Fred caclulated that if Gordon Brown had inplemeted what Churchill wanted in 1909 10 years ago, each man woman and child in the UK wold have a increased incomes of £15,000 per ann.
The only war Churchill ever lost was the war against the British Landlords when he attempted to tax the values of land.
People cannot connect to land thinking it is a farmers type of thing. 1/3 of the value of your home is the land value.. The bricks are not worth much at all.





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