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Land Value Taxation
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<blockquote data-quote="Goweresque" data-source="post: 5708816" data-attributes="member: 818"><p>There are all sorts of types of land value tax, the exact type that might be introduced is entirely unknown. The point is that if you want to raise the sorts of sums mentioned (£120bn) then you don't get that from taxing farmers. As I pointed out earlier the entire amount of agricultural land in the UK is not worth more than about £430bn at absolute tops, so there's no way that you can tax something of that value and get an annual revenue of around 30%. Farming is what, a couple of % of GDP. Ergo you're only going to be able to raise a couple of % of any increase in taxes from farming.</p><p></p><p>If you want significant amounts of revenue you're going to have to tax the average man in the street to get it. There are about 27m households in the UK, to raise £120bn/yr in tax revenue, thats an average of about £4.5k extra tax per household. Thats the reality - however you calculate how the bill is arrived at, thats the sum per household needed to get that revenue.</p></blockquote><p></p>
[QUOTE="Goweresque, post: 5708816, member: 818"] There are all sorts of types of land value tax, the exact type that might be introduced is entirely unknown. The point is that if you want to raise the sorts of sums mentioned (£120bn) then you don't get that from taxing farmers. As I pointed out earlier the entire amount of agricultural land in the UK is not worth more than about £430bn at absolute tops, so there's no way that you can tax something of that value and get an annual revenue of around 30%. Farming is what, a couple of % of GDP. Ergo you're only going to be able to raise a couple of % of any increase in taxes from farming. If you want significant amounts of revenue you're going to have to tax the average man in the street to get it. There are about 27m households in the UK, to raise £120bn/yr in tax revenue, thats an average of about £4.5k extra tax per household. Thats the reality - however you calculate how the bill is arrived at, thats the sum per household needed to get that revenue. [/QUOTE]
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