Kiwi Press Covers New Economics Party
|November 25, 2013||Posted by Staff under Good Press|
This 2013 excerpt of New Zealand’s Scoop, Aug 20, is by NZ’s New Economics Party.
Auckland homeowners profiting from booming house prices are really benefitting at the expense of the rest of New Zealand.
Spokesperson Deirdre Kent said “If all the private landowners and private banks had reimbursed the public for their windfall gains from rising Auckland land values over the last few years, the Auckland rail loop would have been paid for.
She said rising house prices are always due to rising land values. Land values rise because of the action of the community in providing hospitals, transport, roads, schools, sewage, water, businesses, shops and parks. So landowners should pay the public back regularly for this privilege.
“While we allow the private capture of rising land values, we can’t help but get a widening gap between those who own good real estate and the rest of us.”
A regular land fee should be paid to hold land while taxes on labour and sales should go.
Ed. Notes: If only every country had a party like that!