"If they (the wealthy) don't want to pay land taxes, they shift all their
income-generating assets somewhere else (that won't subject them to land
value tax.) Offshore. They have escaped the land value tax. None of
this is to say that land value taxes aren't good. Quite the contrary.
It's just that they can only ever be part of a solution."
Can someone please explain how the Duke of Chelsea, for example, is going to move Sloane Square and the surrounding neighbourhood to an offshore location?



The LVTC blog


