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Not sure why a golf course or amusement park would be unviable. Alton Towers' 910 acres is worth at most 3.8 times that of this 240 acre £2.2m farm [1], or £8.4
by isostatic 8y ago
Not sure why a golf course or amusement park would be unviable. Alton Towers' 910 acres is worth at most 3.8 times that of this 240 acre £2.2m farm [1], or £8.4m.
Total UK land is worth £5394b [2], and total budget revenue is £800b, requiring a 15% land value tax to cover total spending.
At 15% LVT, Alton Towers would attract taxation of £1.2m a year, spread over 2 million visitors, or about 64p on the ticket price.
Currently tickets are in the £30-60 range, so already attract £5-10 of vat.
A land value tax will actually mean that Alton Towers tickets would be cheaper, and as they wouldn't be paying things like national insurance contributions, overheads would be cheaper.
[1] https://www.rightmove.co.uk/commercial-property-for-sale/property-68170718.html https://www.rightmove.co.uk/commercial-property-for-sale/pro...
[2] https://www.ons.gov.uk/economy/nationalaccounts/uksectoraccounts/bulletins/nationalbalancesheet/2018 https://www.ons.gov.uk/economy/nationalaccounts/uksectoracco...