According to Meintjes, the land reform in South Africa has largely been regarded as unsuccessful. 90% of the commercial land which was redistributed has now been left unproductive according to government records. The country has high taxes on labour and VAT which cripples industry. There is a large variation in land values and productivity within the country so rural towns are becoming derelict due to high levels of taxation on industrial activity. Hugely populated urban areas are conversely under taxed under the current system. Stephen Meintjes explains in this video how introducing the land rent proposals outlined in his book could help resolve a number of these issues.
March 26, 2012
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