Friday, April 15, 2016

Adam has a dream

Land tax: now that really would be reform worthy of the name

A peculiar column by Adam Creighton - he has a dream, a mighty dream - that land tax reform could replace a huge slab of income tax.   Then he ends up by noting that it would be impossible to sell this to land owners.

Give up, Adam.  There are equity arguments for and against it, as with all taxes, but it just isn't going to happen.  (Well, not on the scale you want.)   And I reckon some of your predictions as to the long term effects are really just guesswork.

I can imagine him in retirement like a later day Jim Cairns, sitting in a street market corner selling his esoteric book about how everything will be fixed, if only we could have land tax replace income taxes.

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