Author Archives: Joe Bourke

Radical Liberalism and Taxes

Radical Liberalism is a distinctive philosophy that presents a superior alternative both to capitalism in its established form and to socialism. Existing capitalism, as propounded by the Conservatives, and socialism as proposed by Labour, are systems both based on the concentration of property and power in few hands.
The central principles of capitalism in its purest form are the free exchange of goods in an unregulated market; limited taxes to pay for limited government, and
private ownership of property.
The central principles of socialism are government control or regulation of the market; high taxes to pay for expanded government services; and government ownership …

Posted in News | 55 Comments

Legacy of Grenfell

One year on from the tragedy of the Grenfell fire a public inquiry is underway to ascertain how such a thing could have happened in a modern building in the middle of London.

What has struck me about this whole event is the frustration and powerlessness that tenants and leaseholders express over the ability to control their own lives and safety.

Property tenure has changed greatly in recent decades. Right to buy has changed the composition of public housing developments. They will frequently include a mix of leasehold apartments, shared ownership and traditional …

Posted in News | 16 Comments

Money in Switzerland

Switzerland’s system of direct democracy includes the right to submit a federal initiative and a referendum, both of which may overturn a parliamentary decision.
Last year they held a referendum on a Universal basic income and last Sunday they had one on re-establishing sovereignty over money creation as per this economist article https://www.economist.com/finance-and-economics/2018/06/09/a-referendum-on-the-way-money-is-created.

The proposal would have brought an end to the fractional reserve banking system in Switzerland. The central bank would have become the only provider of Swiss francs in a full reserve system. In other words, commercial banks would no longer …

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Land Value Tax – Where are we as a party?

ALTER will address this question in our conference fringe at Southport next month to be held on Friday, 9th March at the Ramada Plaza, from 20:15 to 21:30 in the Promenade room.

Leading the discussion will be two LVT experts and experienced Liberal Democrat campaigners – Michael Meadowcroft and Tony Vickers.

All mainstream parties are now beginning to address the Land problem in the context of an ever worsening housing crisis. The Chancellor announced a raft of measures in the last budget including the Letwin review that is to be informed by a number of consultations.

Among these consultations, the Communities and Local Government Committee (CLG) are conducting an inquiry into the effectiveness of current land value capture methods and the need for new ways of capturing any uplift in the value of land associated with the granting of planning permission or nearby infrastructure improvements and other factors . ALTER’s submission will argue that attempts to capture uplifts in land values by one-off levies have largely been unsuccessful and that an alternative is to go for annual levies as with a site value rating.

Posted in Party policy and internal matters | Tagged | 90 Comments

Vince speaks at launch of All Party Parliamentary Group on Land Value Capture

Sir Vince Cable opened the proceedings by emphasising the importance of approaching this fiscal reform in a way that was not “tribal or sectarian”. They valued the fact that representatives of four political parties had agreed to form the Group – Liberal Democrats, Conservative, Green and Labour. He noted the idea, in different forms, has been around seemingly forever” but that “very little in reality has happened.” The message was “for goodness sake let’s do something that takes this forward. Let’s have a practical route map”.

Vince noted that the proposal for land value taxation was supported by “a long history of economic reasoning that wants to base taxation on land.” He referred to the report chaired by Nobel laureate Sir James Mirrlees which had argued for “shifting the tax base in this direction on standard economic grounds as well as the practicality of this approach”. But there was also “the social justice point of view: inequalities of wealth, underlying which were land values”.

Vince stressed the problems associated with property development, including distortions in the planning system, the issue of who captures land values, and how to finance infrastructure. He pointed out that an obvious approach to funding was “to look at the appreciation of land value”.

Posted in News | Tagged and | 26 Comments

Christmas Books and Grenfell


In the introduction to his second book on the financial crisis, Vince noted:
“…one of the main tasks of opposition parties to redesign the archaic, inequitable and unpopular system of property taxation… to make council tax more closely proportional to the value of property. A more radical and far-reaching reform would be to give practical substance to long-mooted ideas for the taxation of land… The practical problems of valuation and making the transition from a land market massively distorted by planning have so far frightened away reformers. But such a reform is …

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Recent Comments

  • User AvatarJoeB 20th Jun - 12:19am
    Martin, I am sure you are aware of the internal pressures Angela Merkel and other European leaders are under. It is to close borders to...
  • User AvatarJoeB 20th Jun - 12:11am
    Deprivation in London is spread across the city in small pockets, sometimes a handful of streets on otherwise affluent areas https://www.theguardian.com/uk/datablog/2012/apr/12/deprivation-poverty-london. Seven of ten local...
  • User AvatarGlenn 19th Jun - 11:54pm
    Martin I dunno why that is. It depends how you define problem. The basic problem re-EU immigrants as far as I can tell is that...
  • User AvatarMartin 19th Jun - 11:37pm
    JoeB: That is the sort of nonsense I was referring to. Glib statements like "to close Germany's borders" - how do you think that could...
  • User AvatarJoeB 19th Jun - 11:20pm
    Migration pressure is going to continue to grow and countries around the world will seek to close borders. The USA is separating children from their...
  • User AvatarMartin 19th Jun - 11:00pm
    There is too much conflation between movement into the EU with movement within the EU in this discussion. Do people really think that people from...