Monday, 23 July 2012

Quote of the day

I don’t believe in the “is-ought fallacy”. Objective shouldness simply doesn’t exist, whether derived from an “is” or not.

Thursday, 12 July 2012

Incidental improvements caused by Land Value Tax

(The distinction between Direct and Indirect improvements is dubious.)

Direct improvements caused by Land Value Tax (or Location Value Tax, or LVT):

  • No taxes on income (which discourage production/work)
  • No taxes on transactions (which discourage transactions)
  • No taxes on capital (which discourage the building up of capital, and prevent people escaping inflation)
  • No taxes on companies (which increase prices, decrease wages, and discourage entrepreneurship and the building up of capital)

Indirect improvements caused by LVT:

  • No need for tax accountants
  • No self-assessments or tax returns
  • No need for pension funds or a distinct pensions industry
  • You could invest your pension anywhere tax free (e.g. in wine, houses, loans...)

Please add suggestions in the comments.