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Re: Land value UK

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  • k_r_johansen
    Yup, approximations is what we ve got. Using my 150bn£ figure, which is probably way too low, we can browse this:
    Message 1 of 46 , Nov 28, 2012
      Yup, approximations is what we've got. Using my 150bn£ figure, which is probably way too low, we can browse this:
      - Sheet C2, and see what taxes we can do away with.
      Taxing less than half of the land rental value, Bn £, and they can abolish BR, council tax, capital gains tax, inheritance tax, and SDLT. All land-related taxes, and LVT on that level would probably not affect capital values negatively for those who are concerned about the financial system (i.e. D.Reed).


      --- In LandCafe@yahoogroups.com, John David Kromkowski <jdkromkowski@...> wrote:
      > The point is that it is a starting place.
      > An interesting history about the Finance Act of 1910! The footnote takes
      > you to the National Archives where you can apparently look at the maps from
      > then. I don't see the sourcing in the wikipedia, but it is interesting
      > that the land value tax was abolished in the 1920 and that the UK actually
      > had a land value tax! Although, the history elsewhere it looks like it was
      > more of a transfer tax than an annual ad valorem tax.
      > http://en.wikipedia.org/wiki/Finance_Act#Finance_Act_1910
      > What about total land value in 1910 times inflation rate for the last 100
      > years (http://www.whatsthecost.com/historic.cpi.aspx ) as a guestimation!
      > JDK
      > On Wed, Nov 28, 2012 at 8:05 AM, k_r_johansen
      > <kjetil.r.johansen@...>wrote:
      > > **
      > >
      > >
      > > The VOA AFAIK only makes frequent assessment with regards to those
      > > premises that are subject to business rates (commercial property). They are
      > > responsible for the valuations for council tax, but they haven't been done
      > > for a while.
      > >
      > > http://en.wikipedia.org/wiki/Valuation_Office_Agency#Revaluations
      > >
      > > Kj
      > >
    • roy_langston
      ... It is held out of use in the hope of rezoning windfalls, which permitting development and use at the current permitted density would likely scotch for
      Message 46 of 46 , Dec 1, 2012
        --- In LandCafe@yahoogroups.com, Harry Pollard <harrypollard0@...> wrote:

        > There is an enormous amount of urban land of all values which is presently held out of use at rack-rent (or higher) prices.

        It is held out of use in the hope of rezoning windfalls, which permitting development and use at the current permitted density would likely scotch for decades. As long as the long-term economic growth rate exceeds the tax rate, owning land increases the owner's net worth, so there is no reason to take a chance by permitting productive use.

        > Such holdings would become
        > available to producers and other users with adoption of full land Rent
        > collection and Rents would topple to a point where they would accurately
        > reflect the advantage provided by the surrounding population.

        Rents already reflect that advantage, so they would not topple.

        > You agree with me that present land rent is a 'monopoly rent'. I happen to
        > call it rack-rent because that seems to me to be an appropriate term.

        It's not appropriate, because what you are talking about is in fact rent.

        > Your peculiar opposition to this seems to stem from your mistaken belief that
        > with full Rent collection, rack-rent would remain. In fact, as I have stated, it would disappear.

        No, YOUR peculiar theory stems from your mistaken belief that rent is rack-rent.

        > I don't know where you got your land-value taxation ideas from, but you treat it as simply a good way to tax.

        My UIE proposal proves that claim false. LVT is essential to equal human rights.

        > The real intention of collecting Rent
        > (popularly, land-value taxing) is to produce a genuine equality of
        > conditions for all, replacing the present rigged economy which condemns the
        > less able to poverty and the more able to a lifetime of paying rack-rent.

        No, the real intention is to restore the EQUAL RIGHTS of all to life, liberty, and property in the fruits of their labor, relieving the poverty of the less able by ensuring they have free, secure access to economic opportunity, and enabling the more able to rise as high as their productive contributions will carry them by relieving them of the burden of supporting the greedy, privileged, parasitic landowning overclass in exorbitant luxury. I am much more aware of that intention than you, as your opposition to my UIE proposal shows.

        > The object of full Rent collection is to take the first step towards
        > 'Liberty and Justice for All'. Reducing this to a simple tax advocacy diminishes its importance as a genuine reform.
        > But, you probably know that.

        I do indeed.

        -- Roy Langston
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