Why all progressives should support a land value tax
Through no effort of their own, landowners reap a £100bn annual windfall. Caroline Lucas’s bill shows the way towards a moral capitalism.
By David Cooper (New Statesman)
Churchill knew that landowners cannot change the value of a plot of land. Its value depends only on location and size. Is it near a station? A park? Good schooling? All of these factors are determined by the community, not the landowner.