Here
As this is an absolute admittance that cutting taxes and regulations increases economic growth why not do it anyway?
Get involved with AI says Starmer
11 hours ago
Saturday, 4 February 2017
Just Askin' is all?
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7 comments:
Probably because gdp is such a limited measure. After all that's the Irish model and they suffered more than most EU states after the crash. As for cutting regs. The UK is one of the least regulated economies in the west, after the US...and are the people happy?
They have no intention of "slashing tax", they just want to reduce corporation tax, which is one of our least-bad taxes which doesn't bring in much revenue anyway.
@MW
Agreed.... But doesn't Singapore have LVT?
S, it has a low level LVT, but they also have a whole bundle of other measures to ensure that rents and house prices stay low, so everybody gets an equal chance to afford a house. It's quite difficult to explain, but the underlying concept is that the land belongs to the government.
"but the underlying concept is that the land belongs to the government."
which is also true in the UK.
@chaps
So we like the Singapore model then..
B, yes, land in the UK ultimately belongs to that vague concept 'the Crown', but in popular thinking, "Oi paid for it and it's moi laarnd!!". The Singaporeans seem to accept that they are better off sharing the value a bit more.
S, yes, Singapore has their own version of Georgism-Lite, different to what the UK used to have but comes to a similar end effect. LVT itself plays/played only a small part in either system, but there are other ways of distributing rental values, such as rent caps, social housing etc.
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