"There is a growing consensus that property taxation needs reform ... Land Value Taxation could help in the reforms of Council Tax, local government finance, planning and housebuilding, as well as promoting macroeconomic stability. Introducing any changes will require long-term planning, detailed economic and distributional analysis - and, above all, political courage. But, with vision and patience, a consensus is possible. Now is the time to seek it."
Time for Land Value Tax? brings together leading economists and political theorists to explore the case for and against land value taxation.
The authors explore the benefits for social justice of a land value tax and trace the long history of the idea. But they also demonstrate the political pitfalls and suggest that there is still some way to go to prepare the ground for such a radical shift.
