--- In LandCafe@yahoogroups.com
, John David Kromkowski wrote:
> On Sat, Jan 19, 2013 at 12:07 PM, roy_langston wrote:
> > **
> I raise these points because there is oft a strain of anti-home ownerism
> that crops up here. I don't quite get it.
There's no reason to be anti-*homeowner*. People owning their home is good, but there is also a very strong strain in the general public that is Homeownerist. Homeownerists demand that there is to be in place special treatment of people owning their own homes in the tax and benefit system. Homeownerist will demand things such as interest deductions, exemption from primary residence in calculating eligibility for certain means-tested benefits (care-home coverage for example), and programmes to boost homeownership beyond the rate that would occur otherwise. Capital gains tax relief is another prominent example. And rising house-prices are seen as a sign of a healthy economy in this certain strain.
There is also another aspect, that is not distinctively homeownerist per se, but heavily overlaps with it and may be a symptom and is characterized by a certain contempt for people who rent, and nagging to their fellow man to get on the "ladder". OTOH, within that very same strain is also very much a strong sense of ownership, joy, interest in improvements, "my home is my castle" sort of thing, which is perfectly understandeable, and probably a force of good, the very same that makes private ownership of businesses more successfull than the opposite.
> Yet there are land taxers who think
> that generically detaxing so called interest without regard to it true
> origin is a good thing.
> Things are just more complicated sometimes.
A system that taxes interest on the basis of source, would indeed be complicated. Collect land rents, and no such interests would be taxable on the part of the bank, and this is the easier route ofcourse. I can understand the political attractiveness in handing the tax-bill to a bank, but it's a complication :) There is lots of schemes that collects land rents some way or another; taxation of imputed rents were pretty common in many countries in Europe until a decade ago, and at least it had some merit in acknowledging that imputed rents are income.
Happy new year to everybody by the way.