A complimentary piece from Tim Worstall of the ASI appears on the CapX blog.
But LVT is one of these generally good ideas that no one ever actually does. There’s an awful lot to like about it – not least that it annoys all the right people while still holding true to decent economic principles.
Which is why, of course, that it has been proposed for over a hundred years and never quite happened.
Triple layer tinfoil
2 hours ago
6 comments:
Agreed.
Land Value Tax is probably a good idea but why does the cynic inside me say that if it's ever implemented it will be as well as all the other taxes rather than instead of. :-(
Frank. As is proposed by Corbyn and Co
F,L, because if the government thought that it could raise more money in taxation, it would have already done so. Think about it. The UK borrows billions every year. Why doesn't the government simply put up income tax or VAT to cover this? Yes, LVT, if it ever is introduced, will be alongside all the other taxes, but while it will be an additional tax, it won't be an additional tax burden. As a source of revenue, it will be simply replacing an existing source.
As someone who used to troll Timmy Worstofall's idiotic blog where the denizens call for purges of anybody not fascist including the British media which are controlled, they howl, by Communists, the glaring inconsistency was always Timmy's genuine and very eloquent support for LVT, which is probably why I began following the blog.
He seems to keep his minions happy with lazy anti-feminist digs,a public school ragging (his word)of Richard Murphy, and sceptical comments about anti-racism.His Land Tax is probably part and parcel of his allegiance to the laissez faire theories of Adam Smith which Smith underpinned with LVT , not that you would know it from the ASI who have airbrushed Smith's land tax from their record. Somebody should start an organisation called the Real ASI and see if they sue.
DBCR, luckily, beliefs are not responsible for the people that hold them.
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