Mark Wadsworth

This is a spare 'blog in case my main 'blog at markwadsworth.blogspot.com isn't working

Killer Arguments Against LVT, Not (128, 129)

Just for fun, on a Friday afternoon:

#128: If we had land value tax, then farmers would be forced to sell off their land to property developers and the South East of England would be concreted over, there would be oversupply and the value of existing homes would plummet.

# 129: If we have a tax on houses, then this will discourage new development and choke off new supply, driving prices even higher.

Not only are both these statements completely incorrect, they also totally contradict each other. If the Homeys could make up their minds and decide on one or the other, then I’ll be happy to point out why the one they have chosen is incorrect.

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