Letters - 24 August 2012
From taxation to decisions
Land value tax
Ralph Hill mentioned Land Value Tax (‘Many Marthas’ 10 August). This was one of two prime recommendations raised at the Woodbrooke weekend on the economy and the Quaker testimonies. The other was to prevent banks creating money – as is being put forward by Positive Money. Most proposals require additional regulation that sink the country into a sea of complexity. These two proposals, however, are almost unique in greatly reducing the need for regulation. Land cannot be taken abroad into tax havens, so the tax regime would be simplified. Banks would not be able to speculate on money, so a host of financial regulations would become redundant. Both answer to our testimony to simplicity.
James Bruges
You need to login to read subscriber-only content and/or comment on articles.