Submitted by Tim Crinion on Sunday 11th February 2024
Published on Tuesday 9th April 2024
Current status: Open
Open until: Wednesday 9th October 2024
Current Signatures: 517
(count is updated approximately hourly)
Reduce taxes on productivity and implement a Land Value Tax.
Reduce taxes on productivity such as income tax, VAT, corporation tax, property tax, and others. Implement a Land Value Tax. That is, a tax on land, but not on any buildings or human improvements on it, taken at regular intervals.
The moral reason: We believe people deserve to own what they make, but it's harder to justify human ownership of things no one made: Land and its natural resources. Thus, it is fairer to tax land than production.
The practical reason: Taxing production can reduce production but taxing land cannot reduce land. Competition between producers regulates prices of produced things, whereas according to the ONS land represents 60% of the UK’s wealth, and half of land is owned by 1% of the population.
If you want to sign this petition (as opposed to merely discuss it), you need to do that on the government's e-Petitions website.
18.117.100.118 Sun, 19 May 2024 21:54:12 +0100