land-tax

Features of Capitalism – Land Tax and guaranteed basic income – by Cynthia King

There are 60 million acres of land in the UK – 40 million are owned by 6,000 people, the super-rich: the Queen, the Duke of Buccleuch, the Duke of Westminster, et al. Instead of paying land tax as they did in the 19th century, they actually receive subsidies and have the ability to exploit tax loopholes (like the trust). The rest of us don’t.

Workers pay the most taxes – on their labour. 40% of government revenue comes from income tax and VAT.
Instead of taxing wealth that is earned, we could be taxing that which is unearned: land. (more…)

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