tag:blogger.com,1999:blog-1141932539860553199.post2284446546414183833..comments2024-03-05T10:52:24.691+00:00Comments on Mark Wadsworth: Institute for Economic Affairs on top formMark Wadsworthhttp://www.blogger.com/profile/07733511175178098449noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-1141932539860553199.post-80378808479830083582021-03-06T13:20:44.056+00:002021-03-06T13:20:44.056+00:00B, that winds me up as well. The police are there ...B, that winds me up as well. The police are there to keep crime down. Teachers are there to teach etc. Both those things enhance local values if done properly. They get paid to do their job. They don't get an extra share of local land values if they get crime down or their pupils get better grades. Why should a local council?Mark Wadsworthhttps://www.blogger.com/profile/07733511175178098449noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-82546077476305305742021-03-04T11:40:17.766+00:002021-03-04T11:40:17.766+00:00"Don't the local council need some incent..."Don't the local council need some incentive to invest to improve the amenity?"<br /><br />They improve the wealth and welfare of their constituents? The uplift in locations values merely represents national/international demand for proximity to enjoy that improvement. I see no moral or economic rational for either landowners or local taxpayers to claim those location values for themselves. benjhttps://www.blogger.com/profile/11544297406005346095noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-42050087924344560182021-03-04T09:18:25.499+00:002021-03-04T09:18:25.499+00:00B, baby steps. Let's get rid of council tax an...B, baby steps. Let's get rid of council tax and the stuff on their list first.<br /><br />OTOH, make up your own rules and how uplifts are shared. I'd have thought the main incentive for local councillors was getting re-elected.Mark Wadsworthhttps://www.blogger.com/profile/07733511175178098449noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-82617853604564310832021-03-04T09:10:37.812+00:002021-03-04T09:10:37.812+00:00"I don't understand the insistence on LVT..."I don't understand the insistence on LVT being a 'local tax' "<br /><br />Don't the local council need some incentive to invest to improve the amenity? e.g. if they tunnel a high street bypass and create a cobbled pedestrian street and park. Can they keep the extra LVT having made the land more valuable?ontheotherhandhttps://www.blogger.com/profile/08912527435489023299noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-58042654433182388522021-03-03T23:45:35.291+00:002021-03-03T23:45:35.291+00:00"I don't understand the insistence on LVT..."I don't understand the insistence on LVT being a 'local tax' "<br /><br />Because everything has to be about supply/deregulation, even when it isn't.<br /><br />I left a polite comment on Twitter for one of the authors asking that if they recommend going to the trouble of enacting a LVT, why not raise a bit more and cut VAT or Income Tax? No reply. benjhttps://www.blogger.com/profile/11544297406005346095noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-74458422948248645572021-03-03T17:31:19.517+00:002021-03-03T17:31:19.517+00:00LF, heck knows why they jumbled in those, no chanc...LF, heck knows why they jumbled in those, no chance they'll be reduced as B explains.<br /><br />B, agreed.Mark Wadsworthhttps://www.blogger.com/profile/07733511175178098449noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-31363866498592982092021-03-03T17:23:54.735+00:002021-03-03T17:23:54.735+00:00LF, I suspect that the moral element of the sin ta...LF, I suspect that the moral element of the sin taxes is simply a smokescreen to keep the puritans and DM readers happy. The real reason why these things are taxed is the inelasticity of demand. Ditto fuel/Greenies.<br />Bayardhttps://www.blogger.com/profile/15211150959757982948noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-56380212323505701862021-03-03T15:50:01.284+00:002021-03-03T15:50:01.284+00:00I think these "duties on alcohol, tobacco, an...I think these "duties on alcohol, tobacco, and gambling" are levied with the aim of changing behaviour.<br />Now we can argue whether this is desirable or not. However we can assume that the Government does think this is desirable - so therefore why would they do this under any circumstances?L fairfaxhttps://www.blogger.com/profile/12274756119129254373noreply@blogger.com