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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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  • User AvatarGary J 23rd Feb - 10:31pm
    An evocative surname for those who recall the TV soap Brookside. I hope Jimmy, Billy et al will be campaigning for Andy.
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    " Let’s show that we do have the passion to fight the ills that we can clearly see." Yes, Katharine, it's clear and very obvious...
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    Wait a minute here Tony ! (And that's the polite version ) 1 I am a card carrying member of the party I'll put my...
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    Yes, expats, we do need outrage, at what the poorest and unluckiest people of this country are suffering, and sadly are likely to suffer more...
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    Much as I enjoy trying to categorise political thinking, Tony, I don't see many politicians in either the Tory or the Labour party actually fitting...
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    Little englanders have been forecasting the end of the EU since early EEC days of 6 countries in the early 70's