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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 …

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Recent Comments

  • Simon R
    It seems rather loaded language to say we are taking from the poorest people in the world when what we're actually doing is not giving as much. If I spent £70...
  • Suzanne Fletcher
    Interesting and relevant article from Bradley Hillier Smith: this is the beginning, I don't have the article weblink so just copy an pasting 1st page. message...
  • Cassie
    An eye-opening, and brave, article. Changing the recording system seems a very simple change to make, and it seems crazy no government has ever done it....
  • Nonconformistradical
    @Ben C "Difficulties valuing the few remaining properties that aren’t on the land register...." Do you know how many there are? If you don't why have you ...
  • Andrew Melmoth
    @Mick Taylor We are not re-joining the EU because there is a blocking minority capable of electing a Tory/Reform government. And that isn't going to change in ...