To quote our party’s anthem “Why should we beg for work and let the landlords take the best? Make them pay their taxes on the land; we’ll risk the rest”.
Aside from voting reform, no one policy is as central to the Liberal Democrats as a land value tax. This should be a key policy for any platform our party promotes.
As of 2018 half of the UK ‘s net worth is tied up in land, amounting to some £4.9 trillion of wealth. More so than in many rich democracies. Given the large-scale wealth inequalities facing the country today, the adverse effects of artificially high land values (such as higher cost for entry for starting businesses, and the promotion of rent-seeking), and the growing need for more public spending (be it on existing institutions like the NHS, schools, local government or the Police or bold new projects like a Citizens Income) a land value tax kills many birds with one stone.
The question remains what form it should take, to which I have a few ideas.
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