Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Display:
Strangely enough, even Wolf is in favour of a land value tax as the most "efficient" mechanism for taxing development gains etc.

Friedman himself took this

 The least bad tax is the property tax on the unimproved value of land - the Henry George argument of many, many years ago

view...

"The future is already here -- it's just not very evenly distributed" William Gibson

by ChrisCook (cojockathotmaildotcom) on Wed Aug 22nd, 2007 at 05:20:26 AM EST
[ Parent ]
If Wolf and Friedman are for it, it's unlikely to be a good idea.

What's wrong with a punitive super-tax rate on high-end capital gains, and closing tax loopholes to make offshoring and other avoidance scams - like leveraged buyouts - very much less profitable?

by ThatBritGuy (thatbritguy (at) googlemail.com) on Wed Aug 22nd, 2007 at 05:31:38 AM EST
[ Parent ]
If Wolf and Friedman are for it, it's unlikely to be a good idea

Even broken clocks are right twice a day...

 What's wrong with a punitive super-tax rate on high-end capital gains, and closing tax loopholes to make offshoring and other avoidance scams - like leveraged buyouts - very much less profitable?

Great in principle, but not easy in practice.

The beauty about land value taxation is that land, unlike people, is not mobile.

"The future is already here -- it's just not very evenly distributed" William Gibson

by ChrisCook (cojockathotmaildotcom) on Wed Aug 22nd, 2007 at 05:41:12 AM EST
[ Parent ]

Display:

Occasional Series