Search Results for: land and taxation

To Tax or to Borrow?

This is the dilemma facing the British government – and many others – as they struggle to meet the rising costs of the welfare state while trying to eliminate the budget deficit. The options are either to increase taxation, never a popular move, or to increase borrowing. The cost of the former will fall on present taxpayers, the latter on future generations and the young of today who are being wooed by Jeremy Corbyn.

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The People’s Budget

In his first budget the Chancellor of the Exchequer had the opportunity to set a course for Britain’s prosperity post Brexit and to help Mrs May achieve her goal of making Britain a country that works for everyone, while reducing the budget deficit. Instead the measures he proposed caused a storm of protest.

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Rent Unmasked – A book for the people?

Rent Unmasked has been chosen for the Winter 2016/17 heat of The People’s Book Prize for Non-Fiction. This competition is based purely on public votes – so we need your help. Successful books from the heats are entered into the final, which occurs annually. [voting now closed].

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The Agenda for Progressive Prosperity: Making Wealth Fair

There is plenty of rhetoric about the wealthy paying their fair share of taxes, but there is very little about what is fair and the details of how we could make this happen. The way to be fair is to shift the tax base away from income and more to wealth. I outline here one approach as to how such reforms could be implemented.

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The Law of Rent: The Concept

In the five or six years the Ethical Economics blog site has been in existence, the most regularly visited blog has been ‘The Law of Rent – the concept’. Hardly a month has gone by without at least six visits, but in May this year there were an astonishing 112 visits.

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How our Economy Really Works – A Radical Reappraisal

– Why are so many trapped in poverty, when others are grossly well-off?
– Why are house prices continuously rising faster than inflation?
– Why do people so often find themselves in jobs that give them little sense of fulfilment?
– Why is a multi-national coffee shop franchise not actually making its money from coffee?
These questions have confronted the UK economy for decades without resolution by governments of the right or left. It is the failure of economics, the author argues.

ISBN 9780856835292 | Price: £9.95

Buy: How our Economy Really Works

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Authors warn of coming financial crisis

It is no secret to many of our readers that an economy which ignores the vital contribution that a land value tax has to offer is subject to the peaks and troughs in the property market. Fred Harrison, the author of Boom Bust and other books predicted the crash of 2008 in 2005. He has recently being speaking to Joshua Philipp, a journalist for the International publication the Epoch Times. You can read the full article here. Some highlights from the piece are outlined below.

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South Africa belongs to all who live in it

There is no excuse for this failure. As the authors of the recently published book Our Land, Our Rent, Our Jobs note, until 2004 most of the municipalities raised revenue by a direct charge on the imputed rent of land. This model, if generalised by central government, would have made it possible to abolish the treadmill taxes that deprive people of jobs and the decent living standards that they would otherwise provide for themselves.

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Is a better tax system possible?

This question was posed in a review of Our Land, Our Rent, Our Jobs in Moneyweb, on a Johannesburg-based website. The reviewer, Ciaran Ryan, acknowledges the difficulty: ‘There is so much invested in the current tax system that it is hard to imagine an alternative. The cost of administering SA revenue systems is about R10 billion a year, and there are an estimated 2 000 registered tax professionals lumping another R1 billion on top of that as fees. A far greater cost is the combined hours and expense incurred by companies, executives, lawyers and the courts dealing with tax matters. That’s a stubborn oak to cut down.’

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Is economic rent sufficient to fund a modern state?

Just how substantial that is, is indicated by the fact that the Hong Kong government is able to fund major infrastructure projects, such as its underground railway and new airport, and education (free from 6-16, with subsidies for Nursery Schools, and higher education through a system of loans/grants for those who cannot afford it) without incurring the high levels of debt burdening most modern economies.

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No Debt, High Growth, Low Tax

Governments around the world are wrestling with the problems of enormous debts, low growth, high unemployment and a gap between the demands of public expenditure and what can be raised through taxation. This problem has been acute since the financial crisis, but has been a hallmark of western economies for decades.

ISBN 9780856835070 | Price: £14.95

Buy: No Debt, High Growth, Low Tax

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