Sunday, 26 October 2014

This is getting tedious..

Here we go again....

7 comments:

Mark Wadsworth said...

Splendid, textbook stuff there.

Mark Wadsworth said...

I mean, they've got their taxpayer funded pension and their farm doesn't make them any money, why don't they just sell up, cash in what they can and retire properly? Everybody wins.

Bayard said...

Aha, a new KLN: Other countries have absurdly complicated an ineffective forms of LVT, therefore, because they don't work, LVT doesn't work. See also electoral reform and the AV. This is a similar argument to the one that goes "since it is impossible to fly by coating your arms in wax and covering them with feathers, man will never take to the skies".

Mark Wadsworth said...

B, there are no new KLNs in this article.

It is actually a relatively sophisticated summary of various sub-KLNs merged together:

1. It will drive farmers out of business.
2. It's an attack on the asset-rich, cash-poor.
3. It's an attack on the traditional way of life.
4. Rich people will find a way round it. So it's a tax on the poor.
5. Simple misdescription: for example, "LVT is supposed to be a Wealth Tax so why no deduction for mortgage debt and/or why doesn't it take into account Ability To Pay?"
6. It is impossible to do valuations properly.

The Stigler said...

It's also worth pointing out that not only was that bridge built, but also the French government built a TGV service linking Paris with La Rochelle (which 10 minutes by taxi), reducing the journey time to just over 3 hours, allowing rich Parisians to easily get there for a long weekend.

This uplift in prices isn't a sudden thing. I went there a decade ago and it was 30% more expensive to stay on the island than in La Rochelle.

Lola said...

TS. Hah!

Lola said...
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