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

  • Chris Moore
    It will crash the share price and make ALL investors highly unlikely to invest in utilities not just "foreign" investors. There will be a consequent dearth...
  • Paul Barker
    Politicians (this means You & me) should keep out of Industrial Relations, they/we should not be backing or attacking strikes. What we should be saying i...
  • George Thomas
    “working with the army and others to put contingency plans in place if these strikes are going to continue” I think the army should change their slogan f...
  • Ruth Bright
    As usual David alerts us to such important issues....
  • David Evans
    Lorenzo, Do you really believe that "Only a general strike, in support of all those who cannot afford to live under the current nightmare economics, makes sens...