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The Real Hope for Home Ownership

March 11, 2016 11:55 AM

Country cottageALTER Vice Chair Dr Tony Vickers has published a position paper which shows how the housing crisis should be solved through tax reforms, beginning with LVT. At present home owners cream off unearned income from the economic activities of others, a harmful effect which reduces GDP by 20%. He shows that any strategy which reforms only business rates will lead to market distortions, and advocates a Homestead Allowance and combining property and income taxes. The full report can be found at The Real Hope for Home-ownership.