“The greatest source of wealth is the ownership of land and yet it is only lightly taxed in the UK. The simplest way to change this would be to revalue council tax bands (we’re still on 1991 values) and add lots of new bands so people with expensive houses pay much more. Better still would be a land value tax, an annual tax on the underlying value of land owned (rather than the value of buildings that occupy it). This is a policy that has been recommended by economists from across the political spectrum, and could wholly replace current taxes like council tax and stamp duty. Done right, it would mean lower bills or equal bills for the vast majority of the population, and substantially increased taxation on the top 10%.”
Mason Gaffney and Mary Cleveland team up for an article on solving California’s water crisis.
“If you make something free, you will get waste and shortages!”
“The Environmental Defense Fund has proposed a “market” solution to the water problem: transform water licenses into secure and transferable property — and let the market work its wonders! This is equivalent to “cap and trade,” which gives secure “pollution rights” to polluters based on their pollution history… it would invite speculators to grab up water licenses and hold them by wasting water… most owners of water licenses wouldn’t sell, but would rather keep on operating the old inefficient way. “Transferable water licenses” would lock in a system under which every subsidy and giveaway engineered by pork-barrel politics becomes sacrosanct, perpetual property, and taxpayers forever incur ongoing costs.”
Read the full article here: http://www.huffingtonpost.com/mary-manning-cleveland/whose-water-ours-how-to-e_b_4967944.html?utm_hp_ref=green
With this entry, we inaugurate a regular feature, “Huffing and Puffing,” that covers Georgist-relevant articles in The Huffington Post. Here are two by Dr. Mary Cleveland:
“Taxing Carbon Is Like Taxing Diamonds” is a piece on the progressive nature of the carbon tax.
In an article entitled “Book Review: The Economics Anti-Textbook: A Critical Thinker’s Guide to Microeconomics, by Rod Hill and Tony Myatt” Dr. Cleveland praises the authors for their criticism of mainstream economics textbooks. She also touches on a few Georgist aspects of the book.