All Party Parliamentary Group on Land Value Capture to be Launched
Reception for launch of All Party Parliamentary Group on Land Value Capture
Reception for launch of All Party Parliamentary Group on Land Value Capture
Home owners collect £50Bn economic rent annually by not having to pay taxes on land uplift. ALTER Secretary David Cooper's article on Libdem Voice shows that this has the same impact on our economy as a currency forging ring with a £50bn turnnover.
If after 30 minutes you're not moved by this, check you still have a pulse
ALTER is supportive of universal income, but recognizes the danger that any such money would be captured by increased rents. Universal Income cannot work without a mechanism to recapture the economic rent from land owership. A new spin on this idea, "Basic Rental Income", is described in a recent Libdem Voice article by our chairman Joe Bourke.