Tuesday, 3 August 2010
It's My Property
The image above shows a typical group of young British users. The high is written all over their faces, but the long term effects of "property" can be devastating.
I don’t make a habit of linking to F.T articles but this one is well worth a read. It’s the clearest explanation I’ve read of the UK's addiction to property speculation, and how a Land Value Tax could prevent it from damaging the economy again.
Land taxes shift the balance of taxation from wages to assets, so this is basically required reading for lefties.
More fun stuff soon, I promise.
In the meantime, here are Mooz with a brilliant song about property.