Re: Church and George
- Wyn,Henry Law.....One other way of looking at the issue may be helpful. The government takes in about 500 billion a year, (though nearly half is paid out again, but that does not matter for the purposes of this illustration). One way of collecting it would be as a poll tax, which would make every man woman and child liable to about £8,500 a year if my arithmetic is right.An acre in Mayfair in London is off the price scale. So clawing back say a million on one of those acres may be about right - I am guessing there. An acre in central London contains many buildings.UK has approximately only 7.5% of its land settled upon. The Urban plot of 4 million acres is only 6.6%. That 6.6% would have to raise most of the LVT.So, LVT may just do do.