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Andrew Sainsbury
Richard J Murphy
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Comments by "Andrew Sainsbury" (@andyinsuffolk) on "Six reasons to tax" video.
What about just opening-up the legal/dispute market more. The law is expensive because that sector has conspired with politicians to keep it expensive - much like health and education - we are all slaves to the the 'public sector'.
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@mypointofview1111 - Not sure how your point relates to what I said but you are certainly correct that the less well off tax-payers should subsidise horse owners.
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So... the tax-payer who uses the economy to create vast wealth should contribute nothing to its maintenance but the tax-payer with with some land but no wealth gain should subsidise him? Land Tax has merit but all taxes should be simple, broadly based and low. Capital gains is legitimate but paying rental on your land, or anything else that you own, to the state is just tyrannical discrimination. The people need to be asked if they wish to forgoe property rights before the politicians impose marxism.
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Rather a circular argument - we must have soviet money so that the rulers can impose their preferred ideology which needs soviet money. Civilised nations tend to ask about which ideologies should prevail, or at the minimum absorb them from the culture (see Scandis) rather than making assumptions - that's all a bit of an embarrassing historical cul-de-sac.
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@johnburns4017 - What is 'commonly created wealth' - how is it created or collected to pay for common services? If it's actually land taxation then somebody has to actually create the wealth by other means or sell their land - so it's not commonly created. Point me to an explanation of how this works in practice or explain it as it looks like reverse feudalism -instead of the peasants being slaves the landowners would be.
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@johnburns4017 - There are very few countries where those 'common resources' are sufficient to finance welfare states even at retail value, and they require massive investment in reality reducing the realisable wealth substantially. So we're back to land value - landowners creating wealth elsewhere, or selling their land to pay their land taxes which subsidise everyone else - economic slavery. Land value is not an income stream - just like oil, once its been owned/sold the first time most of the value creation is not 'common'. Charging anybody rent on property/value that they 'own' undermines property rights and reverses prosperity. The only legitimate land tax would be a very low levy that recognises and registers property rights of a limited national resource which would then serve to protect those rights rather than creating a slave class.
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@johnburns4017 - all those countries have income tax. I am a land tax advocate as I have said. What I do not advocate is persecution of a particular demographic. Why should landowners have to create wealth to pay for everyone else? In a democracy you have to have equality of treatment by the state - having a slave class paying all taxes is authoritarian and clearly undemocratic. If you do the sums you will find that a UK £6trillion land value would have to be taxed at 10% per annum to give current tax revenue. Nobody would hold onto their land at that rate and its value would plummet with the taxes and destroy all other wealth creation as nobody could afford to run any business requiring land or afford a residence if it applied to them . Your model is mathematical fantasy and would destroy the whole economy instantly. But thanks for your thoughts.
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