Link to this short video from the Welsh Parliament to see Mark Drakeford MP clearly explain land value taxation as an alternative to other taxes.
Example: In London the Jubilee Line extension raised land values around the station by £10bn. A small land tax would have paid for the scheme. It would also have compensated the owners of land/property where values may have been blighted by the scheme - their land value tax would have automatically dropped.
Read The Free Lunch- Fairness with Freedom which has a section on the benefits of dropping income tax and such, and bringing in land value tax.
Example: In London the Jubilee Line extension raised land values around the station by £10bn. A small land tax would have paid for the scheme. It would also have compensated the owners of land/property where values may have been blighted by the scheme - their land value tax would have automatically dropped.
Read The Free Lunch- Fairness with Freedom which has a section on the benefits of dropping income tax and such, and bringing in land value tax.
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