The UK’s New Economics Fdn: Recover Land Rent
|July 12, 2014||Posted by Staff under Good Press|
This 2014 excerpt of the UK’s New Economics Foundation blog, Jly 9, is by Faiza Shaheen.
80% of Brits want the government to stop talking about economic inequality and do something.
Lisa Nandy MP, participated in the launch of a new NEF report setting out the five pressure points:
5. Fairer taxes
Progressive tax reforms, such as a Land Value Tax, would help address inequality at root and redistribute economic power. Shifting the burden of taxes onto environmentally unfriendly activities would kill two birds with stone by relieving struggling families and speeding up the transition to a low-carbon economy.
Ed. Notes: Their other four ideas might not work and would not be necessary if society recovered all rents and shared them equitably.