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I agree that we should tax wealth. I wouldn’t say tax property per se, but rather just tax the land itself. Land is the fixed resource, but you can always deve
by QasimK 8y ago
I agree that we should tax wealth.
I wouldn’t say tax property per se, but rather just tax the land itself. Land is the fixed resource, but you can always develop more buildings on it. This would encourage people to use the land to it’s full extent.
Part 16 of the Mirrlees comprehensive review of taxation [0] in the UK goes into more detail.
[0]: https://www.ifs.org.uk/publications/5353 https://www.ifs.org.uk/publications/5353