Homestead mailing list

[sanrico AT highdesert.com]

Am I reading that last line right???
Sandy

http://money.guardian.co.uk/tax/story/0,,1985019,00.html
 
"Consider this. The government builds a new school in an area. The school is a
success. This pushes up the house prices in the area leading to a windfall,
untaxed gain for home owners as a direct result of government spending. The
teachers in the school, on their modest salaries, will probably not be able to
buy a house close to the school. There is clearly a problem here."
 
"Mr Harrison, and others such as David Reed at the Labour Land Campaign and 
Dave
Wetzel of the Professional Land Reform Group, argue for a tax on all land to
encourage its more efficient use."
 
"Think of the 13-hectare Battersea Power Station site, which has stood 
derelict
since 1982. It was sold last month for £400m by a developer who bought it for
£10m in 1993. A yearly tax on its value would have focused owners' minds on
making better use of it."
 
"Land has a scarcity value when it is in desirable locations. That value is 
not
down to individual effort but derives from the community, and often from 
schools,
hospitals and parks provided by the public purse. Therefore, as the economist
David Ricardo explained, land has a rental value that can be taxed."

___________________________________________
Get free email at http://www.highdesert.com