Wednesday 23 May 2012

Reader's Letter Of The Day

The letter itself is unremarkable; what is remarkable is that it appeared on the hallowed pages of the Home-Owner-Ist propaganda free-sheet, City AM:

Re: Britain must embrace 30 per cent tax revolution to boost growth, Monday.

Either the country persists with the systematic robbery of the products of work, or it shifts to a tax on the annual rental value of land. By forcing large numbers of people out of the labour market, and by rendering large areas of the country economically sub-marginal, our tax system imposes a dead weight cost on the economy and saddles the government with the welfare bill. Property taxes may be unpopular, but they’re less distortive.

Henry Law.

3 comments:

mombers said...

Well done Henry! When will he move back to the UK to join the fight?

Derek said...

I second that. Well done, Henry!

I can only assume that City AM published it because it contained the magic words "our tax system imposes a dead weight cost on the economy and saddles the government with the welfare bill." which fits in with the rest of their agenda.

James Higham said...

Tax reform long overdue. Start with VAT.