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

  • Peter Martin
    @ Simon, "Low earners on the IOM pay tax at 21% compared to – I think – 20% in the UK" I don't know where you get your IOM figure from. It is easy eno...
  • Chris Cory
    I thought the draft strategy motion was a definite step in the right direction, especially the recognition of the need to engage rather more with the general me...
  • Peter Martin
    @ Paul, Your point about "Viking and Norse-Gael Roots" would apply to the Orkney and Western Islands. The population of the Northern Parts of Britain , inclu...
  • Simon Costain
    William le Scrope, King of Man, was murdered by Henry IV in 1399 whilst Scrope was on a private visit to Bristol. Thus the island became a crown possession in a...
  • David Evans
    Josh, You say "The Draft party strategy is here", but it isn't here - nor is the e-mail from the party. A google search doesn't find it. Nor does a search ...