Tag Archives: mirrlees review

Opinion: Land Value Tax – an old idea with lots of modern supporters

Adam Smith in the Wealth of Nations (1776) was an early proponent of land taxes as was that great radical Tom Paine.

John Stuart Mill was an advocate and Henry George put the case in ‘Progress and Poverty’ (1879).

The economist David Ricardo gave us the concept of economic “rent” – that land or property derives its value from scarcity rather than investment.

In the debates before and after the peoples budget of 1909 both Winston Churchill and David Lloyd George argued strongly for the introduction of a land tax.

The economists John Kenneth Galbraith and Milton Friedman recommended Land Value Tax (LVT) for …

Posted in Op-eds | Also tagged , , , , , , and | 258 Comments
Advert

Recent Comments

  • Neil Sandison
    This one of a series of articles recently published in the Liberal Democrat Voice that defines our social liberal values . Frequently the hot house of Westminst...
  • Pawel Urbanski
    This is the right problem to be working on, and I think the answer may be less about the words than about the moments. In my experience people learn what we sta...
  • Simon Robinson
    It's good to have an MP putting herself forward for this. The manifesto seems a bit vague though. All good thoughts and nothing you can really disagree with, b...
  • Robin Bennett
    I am sure Alan will have the sympathies of all of us. The situation is sad and frustrating. Forgive me for making one small point, Alan: you said that 40 Ho...
  • Jonathan Brown
    @George - me too. I know that not everyone is happy about this, but it's perfectly reasonable policy and I think all care is being taken to try to reassure thos...