Look at the viscount althorp, how come they pay next to no tax, or the Duke of Westminster.
That would change a bit with a tax on land rental values though, eh? "Any economic unit can emit money. The serious problem is to get it accepted" Hyman Minsky
You have to delete huge numbers of tax emempt or tax-replaceable items such as art on "public" display from the statue books. give them nothing to play with. then you can worry about what you tax. It's them avoiding it that's the problem. keep to the Fen Causeway
It's them avoiding it that's the problem.
Not on taxing land rental values it isn't. Ask the Danes.
We are not talking about the buildings on the land - we are talking about the rental value of the location.
Land owners pay - and its immaterial if the owner's a trust in Nauru, or a Lichtenstein Anstalt - or they lose the land.
Bingo.
That's the beauty of it. Everyone pays.
And that's why the House of Lords scuppered Lloyd George in 1912 when the House of Commons voted it through... "Any economic unit can emit money. The serious problem is to get it accepted" Hyman Minsky
