Reply #7: The Treasury is always 'considering' a land tax [View All]

[fedsron2us]

but never implements it. Britain did have a Development Land Tax in the 1970's but it failed to raise much money as the charge was only levied when the development 'event' took place. It was finally axed by the Thatcher government. The idea has been re-floated again recently but I expect the vested interests among the house builders, the major landowners and the city will ensure that it is throttled in its cradle. Ivana Trump only spoke the truth when she said that taxes were for the 'little people'. Whether the levies are on income, turnover or property the bulk of the paying is done by ordinary working people of modest means.

http://society.guardian.co.uk/housingdemand/story/0,14488,1438100,00.html
http://www.newstatesman.co.uk/landreform/lr200409200007.htm