Oxfam: Tax Land to Help Raise Minimum Wage
|April 23, 2014||Posted by Staff under Good Press|
This 2014 excerpt of FT Advisor, Mar 27, is by Sarah Davidson.
Oxfam’s director of campaigns and policy, Ben Philips, called for a focus on the greater taxation of wealth by exploring a land value tax, and set out a long-term strategy to raise the minimum wage to a living wage.
His comments came as Oxfam published a four-page report revealing just five UK households have more money than the poorest 12.6 million Britons put together, the bottom 20 per cent of the entire population.
Another key stat: 85 people on the planet own the same amount as half the world’s population.
Ed. Notes: If Britain does recover the socially-generated value of sites and resources then uses the revenue to pay citizens a dividend, it won’t have to worry at all about minimum wages.