“land value tax faces large political obstacles”
So says a new publication from Civitas, an independent UK think-tank. This statement of the bleedin’ obvious comes at the end of very good chapter extolling the virtues of LVT. So what’s their answer to overcoming political obstacles?
Hand over development rights to Local Authorities:—
“remove from landowners their ability to withhold land in pursuit of more favourable circumstances and a higher sale price at some point in the future. This could be achieved by enabling the public sector to purchase land that is designated for new housing at close to its existing use value”
Pure funk! If we can’t do the right thing then let’s try some cack-handed largely untried Scheme instead!