Land Value Tax - the Window Tax of our Age
Tax land: it can’t be hidden from the Revenue
Taxing land values would be a fair way to help to plug the budget gap while stabilising — and even boosting — the economy.
Sorry, from behind Murdoch's Paywall, but you haven't missed much, yet another nasty demand to tax land based on jealousy and the desire to grab as much money for the government to waste as possible.
What these Land Tax fanatics fail to realise that land is a tool, it is the same as a scribblers typewriter or an accountant's calculator. It is a tool of the trade. The profits of the trade are already taxed. Why should one sort of tool be taxed when others aren't?
Unproductive assets such as jewellery and show off watches would be a fairer target, why not suggest those?
The land under your des res may not be a tool but was paid for from taxed income and is no way different from the tiles or windows of your house. Why not tax them? At least the number of windows is easier to verify. Or has that idea already been tried and shown to fail?
Let us have no more of this nonsense, as I said talk of Land Value Taxes only encourages more taxation rather than substitution of taxes. It is driven by petty jealousy and wealth bashing of the most boring 1970s type. Enough.