Is it time that the UK looks at introducing a Land Value Tax to help grow the economy?
By taxing the value of the actual Land we can transfer money from the rich to the poor and, in the long term, put assets back in the hands of the middle and working classes.
By taxing the value of the actual Land we can transfer money from the rich to the poor and, in the long term, put assets back in the hands of the middle and working classes.
Comments
We, as a society, "own" all the land in the UK through the crown and we control its use through planning.
Homeowners "hold" land as "freeholder" from the crown.
LVT allows us all to share the value of land.
https://www.landvaluetax.co.uk/about-lvt/what-is-lvt
This was written back in 2007???
https://www.theguardian.com/money/2007/jan/08/tax.business