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The fact that subsidies provided to improve affordability of rents generally increases those rent costs is long-recognised. Winston Churchill in 1906: Some yea
by dredmorbius 2y ago
The fact that subsidies provided to improve affordability of rents generally increases those rent costs is long-recognised. Winston Churchill in 1906:
Some years ago in London there was a toll bar on a bridge across the Thames, and all the working people who lived on the south side of the river had to pay a daily toll of one penny for going and returning from their work. The spectacle of these poor people thus mulcted of so large a proportion of their earnings offended the public conscience, and agitation was set on foot, municipal authorities were roused, and at the cost of the taxpayers, the bridge was freed and the toll removed. All those people who used the bridge were saved sixpence a week, but within a very short time rents on the south side of the river were found to have risen about sixpence a week, or the amount of the toll which had been remitted!
<https://www.landvaluetax.org/history/winston-churchill-said-it-all-better-then-we-can https://www.landvaluetax.org/history/winston-churchill-said-...>
Tax those rents.