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.

http://james-g.com/2012/07/salterism-refuted-removing-wheels-from-racial-idealist-heads/

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.