Land Value Taxation Campaign

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The LVTC blog, by Henry Law

The comments in the LVTC Blog are a personal view of our Hon. Secretary Henry Law and do not necessarily reflect the official policy of the Campaign.

This is a place for personal observations and comments on politics, economics, current affairs, on-going discussions on the potential for LVT to remedy some of the current ills, and the impact on Society of any of the above. 

Please read and enjoy, and feel free to respond to Henry if you have any thing you would like to add.

A stupid exchange of views on "Georgism"

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I have been in correspondence on another blog with a cowardly commentator who insists on calling himself Anonymous. His postings are as fine a collection of misconceptions and false conclusions about LVT as I have come across for a long time.

He quotes as an authority a Paul Birch, a member of the UKIP, who has written a "Critique of Georgism". Birch has obviously not gone back to the original source material. There is no excuse for that as it is readily available. Whilst the original texts are nineteenth century and perhaps turgid by contemporary standards there are perfectly good editions of George, in particular, that published by the Hogarth Press.

The title of George's book is "Progress and Poverty: An Inquiry in the Cause of Industrial Depressions and of Increase of Want with Increase of Wealth... The Remedy". One can accept his argument or one can put up counter arguments as to alternative causes. If one cannot provide an alternative explanation for the causes then George's conclusions have to be accepted.

As to George's "remedy", the same applies. Having failed to provide an alternative explanation, it is incumbent on the objector to put up an alternative remedy to George's.

Anyone who persists in their objects after that is complicit in the economic system which has lead to, and perpetuates, the poverty of millions, and in the economic disruptions and misery which result from the economic cycle.

I've bought that land with my money

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I've bought that land with my money. Why should I pay tax on it?

The piece of land that someone buys would quickly lose its value if the state of civil order were to deteriorate, or people were to move away or if the community did not constantly sustain that value by ensuring that the physical and social infrastructure is kept in good order, all at the expense of the taxpayer. That is a valuable service and worth paying for, is it not?

Why the Left is going nowhere

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These thoughts are prompted by an article by George Monbiot in today's Guardian.

Bank regulation is not enough

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Calls for regulation of the banks are back on the agenda. It will not work. Regulation does not deal with the underlying problem: is the abuse of credit through its use for land purchase. The land is usually inside some kind of package which makes it difficult to understand that it is actually land: assets, homes, equities or other securities.

The fundamental purpose of credit is to finance the productive processes of the economy. When it is used for land purpose, no production has taken place. A land title has been transferred and that is all. The purchase can be thought of as a release fee ie a ransom payment.

Happy Jubilee

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The Campaign, of course, has no view on the Monarchy, so this is a personal one. Monarchy and land are, however, intimately connected so there is every justification for discussing the subject here.

Cornish Patsy tax row smoulders on

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I am enjoying this row. It shows how idiotic the tax system has become.

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