tag:blogger.com,1999:blog-1141932539860553199.post993594807859121428..comments2024-03-05T10:52:24.691+00:00Comments on Mark Wadsworth: Killer Arguments Against LVT, Not (438)Mark Wadsworthhttp://www.blogger.com/profile/07733511175178098449noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-1141932539860553199.post-76715096974926272162018-04-24T13:42:40.169+01:002018-04-24T13:42:40.169+01:00L, yes of course. All sensible LVTers say that.L, yes of course. All sensible LVTers say that.Mark Wadsworthhttps://www.blogger.com/profile/07733511175178098449noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-39229262647984753342018-04-24T09:53:03.290+01:002018-04-24T09:53:03.290+01:00And anyway retired people in big house under the M...And anyway retired people in big house under the MW plan will be allowed to roll up the LVT, n'est pas?Lolahttps://www.blogger.com/profile/04586735342675041312noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-9097751794322771382018-04-24T08:11:31.747+01:002018-04-24T08:11:31.747+01:00G, we had that debate and decided that national ta...G, we had that debate and decided that national taxes, distributed equally and spent locally are best. "Local taxes" sound all lovely but are incredibly regressive. Mark Wadsworthhttps://www.blogger.com/profile/07733511175178098449noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-90388856484486671162018-04-24T01:57:34.705+01:002018-04-24T01:57:34.705+01:00@Graeme
Why should land rents only go to local pe...@Graeme<br /><br />Why should land rents only go to local people? Mayfair land rents going to Mayfair people, solves nothing.<br /><br />LVT is a compensatory payment to those excluded from valuable land. As such we should all receive an equal share of land rent. Local government should get a per capita income on that basis to spend or rebate as their voters wish.<br /><br /><br /><br />benjhttps://www.blogger.com/profile/11544297406005346095noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-57842424713433777822018-04-23T23:21:02.702+01:002018-04-23T23:21:02.702+01:00Doesn't there need to be a proper debate about...Doesn't there need to be a proper debate about the dividing line between local and national taxation? The line shifted decisively in the late 1980s in favour of central government in order to stop "abusive" local authorities, but now we have councils who don't maintain roads etc while central government creates an ever growing civil service. Local tax, based on local land values, for local citizens. But please spend the money on roads, street lights, police patrols etc rather than educating Somalian women on feminist rights and circumcision Graemehttps://www.blogger.com/profile/11007306140530173428noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-79597295052580239362018-04-23T18:40:38.384+01:002018-04-23T18:40:38.384+01:00BJ, as you may remember, in a later comment he pla...BJ, as you may remember, in a later comment he played the good old "I paid for my land out of taxed income" card, and was trounced by jock coats.Mark Wadsworthhttps://www.blogger.com/profile/07733511175178098449noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-18775742025294834372018-04-23T17:58:55.255+01:002018-04-23T17:58:55.255+01:00If people honestly think taxes should be based on ...<br />If people honestly think taxes should be based on incomes, why not the prices we pay for goods and services?<br /><br />As LVT is economically the same a rent, and its capitalisation into selling prices, the only difference is who collects. Therefore if LVT is unfair, so must rent and mortgage interest on land.<br /><br />This isn't about getting at wealth anymore than abolishing slavery was. It's about people getting paid what they are owed, without which excessive inequality is baked in. Re distributive taxes on output are an unfair, inefficient way of mitigating this excessive inequality.<br /><br />Assuming spending on services stays constant, the result of a LVT means that in aggregate,no one is better or worse off. However, the distributional effects transfers incomes back to those who currently pay a greater proportion of taxes, relative to the value of land they own from those whom the opposite is true. Given that, typical working households, whether they are homeowners or tenants, would be far better off. Not to mention that new homeowners in the future will benefit from lower house prices.<br /><br />As usual, people knee-jerk at any mention of the word tax. <br /><br /> <br /><br />benjhttps://www.blogger.com/profile/11544297406005346095noreply@blogger.com