is an interesting new site.
I met one of its protagonists, a Tory councillor called Robin Smith, at the recent Claverton Group conference. It appears to me that the most natural home politically for these ideas is in fact the LibDems - who narrowly failed to introduce a Land Tax in 1908 - but I don't think that it is possible to pigeonhole them as conventionally Left or Right
I am also engaged in a dialogue with Dr Adrian Wrigley - the intellectual source of the site - in relation to my thinking re Community Land Partnerships and consensual alternatives to taxation, among other things.
In particular I think that they lack a narrative, and for me the underlying theme underpinning such Systemic Fiscal Reform is the taxation of the privilege of exclusive use of Commons.
I therefore suggested to them that in addition to taxing land rental value and carbon use they should also be looking at taxation of limitation of liability.
That way they will be addressing the privilege of private ownership of all three of the principal Commons: Land; Non-Renewable Energy; and Knowledge. "Any economic unit can emit money. The serious problem is to get it accepted" Hyman Minsky
they should also be looking at taxation of limitation of liability
That is interesting.
What about taxing ability to limit others?
Could you give an example? "Any economic unit can emit money. The serious problem is to get it accepted" Hyman Minsky
Another possibility would be a merger and acquisition tax that scales according to the size of the merged entity. Then we could let the magic of the market determine just what was the economy of scale. As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
