Another posting on Halligan’s excellent HOME TRUTHS book on rescuing the housing market
Why would he say a thing like this (page 248)
“A ‘Georgist’ land value tax requiring high annual payments from all landholders, whilst scrapping most other taxes, would not help to solve the UK’s housing shortage. Many landowners do a superb job of looking after our rural environment and are far from wealthy – caring for the land in part from a sense of obligation and duty. They should not be taxed simply for land ownership.”
Phew! A definite No! to LVT then. Obviously I’m disappointed with this. From the depth of his understanding of the Housing Crisis that Liam has shown, I hoped he would have leapt at the perfect ‘Golden Mean’ solution of LVT. But no.
I will examine this quotation in two parts: Firstly I will explain how silly his statement above is. Then I will try to fathom out why such a smart guy as Liam would say such a thing.