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What is Land Value Tax?

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    Policy proposals

    • Tax on land and natural resource monopoly
    • Free trade - opposed to tariffs, which were at the time both the major method of protectionist trade policy and an important source of federal revenue
    • Supported the use of government issued paper currency such as the greenback. He opposed the use of metallic currency (such as gold or silver) and money issued by private commercial banks
    • Citizen's dividend - proposed to create a pension and disability system, and that excess public revenues from land rents could be distributed to residents "as a right" instead of as charity
    • to end or restrict the use of intellectual property
    • to have government own and manage all right-of-way and "natural" monopolies, such as utility companies and mass transportation,
    • to replace contract patronage with the direct employment of government workers, with civil-service protections,
    • to implement campaign finance reform and political spending restrictions.
    Article / Sep 18, 2015
  • 176.54 KiB drawing or desktop publishing document

    4-page paper by Dr Tony Vickers on why we need policies to encourage better use of existing housing stock.

    Document / Sep 11, 2015
  • By Dr Tony Vickers

    Ahead of the Housing debate at Bournemouth, ALTER's Dr Tony Vickers has written a paper that points out that the "Housing Crisis" is not really about how many new homes can be built but about how we make better use of the 98% of homes we already have. Drawing on research by the Intergenerational Foundation, he points the finger at massive under-occupation by pensioners of owner-occupied family homes, encouraged by government.

    Article / Sep 11, 2015
  • Freemans Wood
    By David Cooper

    Freeman's Wood is a plot of land on the edge of Lancaster. The land has been used by local people for decades, and they have regarded it as common land, but fencing was installed around it in 2012, resulting in public unrest and reports in the local press.

    The land is owned by a property investment company which is registered in Bermuda, and its owners are thought to be based in Hong Kong. The director of the UK development company for the site is a Punjab-born, polo-playing friend of Prince Charles. His son plays polo with Prince Harry. So this scrubby semi-derelict patch of land has direct links to global economic, political, and social networks.

    Article / Sep 1, 2015
  • Farron and Lamb

    Answers to questions from ALTER from leadership contenders Tim Farron and Norman Lamb have been published on Libdem Voice.

    Article / Jul 9, 2015
  • ALTER is actively advocating Land Value Taxation in Scotland, and has provided a detailed submission to Scottish Local Tax Commission. It is authored by ALTER member John Howell and can be found here.

    Article / Jun 26, 2015
  • A good article by Edward Lucas on the Economist blog, outlining the economic advantages but the considerable politicial difficulties of introducing Land Value Tax. One of the comments to the article makes the interesting point that China has substantial land taxes which no doubt increases the ability of the Chinese state to invest in infrastructure. Where better infrastructure leads to higher tax receipts, public investment flows. While western nations stagnate due to rent seeking behavior by land owners, the emerging economies in the East forge ahead.

    Article / May 30, 2015
  • George Osborne Banana

    George Osborne wants to introduce Mugabe-style property grabs into the UK. His latest wheeze is to force the sale of private property owned by housing associations to their tenants at a huge discount. The associations will be 'compensated' for this confiscation by the taxpayer. By offering this electoral bribe, he hopes to win votes in marginal constituencies.

    Article / May 3, 2015
  • lakeshore

    Is support for Land Value Tax becoming the "new normal"? In yesterday's Financial Times leader ( "UK's weak productivity invites a bolder response") the paper comments:-

    ...the challenge that remains is the dysfunctional market for land. Here, artificial scarcity acts as a tax on all enterprise, and drives up the price of a home (which indirectly raises wages). It also slows down the delivery of better infrastructure. To address this, measures would be needed: land value taxation, the greenbelt policy revisited, even more compulsory purchase of land...

    Article / Apr 23, 2015
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    2.3 Creating a stable and competitive environment for growth
    In England we will complete the ongoing review of Business Rates, prioritising reforms that lessen the burden on smaller businesses, ensure high streets remain competitive and promote more efficient use of land.
    Article / Apr 15, 2015