Explanation Part 2

    INDEX:

    1.  Diagrammatic explanation of LVT.
    2.  Application of LVT.
    3.  Advantages of LVT.
    4.  Early history.
    5.  20th Century history.

2. Application of LVT

All tax revenues, whether in money or goods, have to derive ultimately from existing wealth or the wealth creation process.  Taxing individuals or organisations that have little or no wealth is not only unjust but unproductive.  It is commonly accepted that wealth is represented by the ownership of goods, property or the means of production.  The wealth creation process is represented by work, manufacture and trade.

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3. Advantages of LVT

Regional Re-distribution

A great deal of taxpayers money is currently spent on regional assistance schemes aimed at depressed areas, in order to encourage economic activity and a revival in fortunes for the populace in those areas.  A National land value tax would automatically address this problem.

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4. Early History

LVT has never been introduced in Britain, although the idea has been discussed at government level and on several occasions almost been implemented.  An early history may be briefly summarised chronologically in the following events and publications:

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5. 20th Century History

Henry George’s influence was extensive at the turn of the 19th century and attracted many progressive thinkers of the time, not least of whom were Tolstoy, George Bernard Shaw and a young Winston Churchill, then still a Liberal MP.

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