LVT

There is another way we can live off the land

Provincial and federal budgets loom: taxation is a hot topic.

The price of living in a modern, civilized nation, it nevertheless rankles when part of our earnings are deducted leaving less to spend on our families, every purchase incurring sales tax making life more expensive and shrinking our purchasing power, every enterprise paying what feel like fines for success.

Some pundits perennially complain of being taxed into the poorhouse, even as they drive fancy convertibles or build expensive home studios.

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Video: Land Value Taxation and Agriculture

Frank de Jong

Expensive farmland close to millions of people is best suited for school kids on field trips, families on farm vacations, and young people learning about agriculture, and for growing labour-intensive crops like organic vegetables, fruit, meat and eggs, not low-value crops like corn and soy.

Video: https://www.youtube.com/watch?v=JkXEM7fgGDc

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Tax reform badly needed in communities

There are two big problems with our property taxes: they are too high, and too low.

http://www.thebarrieexaminer.com/2013/02/13/tax-reform-badly-needed-in-c...

How can that be? Well, it’s because in Ontario, as across Canada, property tax is actually two taxes: a tax on land, and a tax on buildings.

Taxing land value is fair, because a site’s value stems from the community around it; land rent is higher in the middle of a bustling city than in a quiet village, and higher in a town than in a remote wilderness.

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Video: Land Value Taxation and Public Infrastructure

Municipal governments should finance infrastructure by collecting the unearned income (economic rent) that accrues to land. No new taxes needed.

https://www.youtube.com/watch?v=UdE1umKfyJA

Warranted new projects (parks, schools, transit, roads, hospitals) always raise local land values more than the cost of the project. Presently this wealth disappears into the pockets of local land owners. Instead, Land Value Taxation should be used to finance the infrastructure.

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Monbiot: Why we need land value taxation

George Monbiot

Why we need land value taxation.
A Telling Silence www.monbiot.com

By George Monbiot, published in the Guardian 22nd January 2013

You can learn as much about a country from its silences as you can from its obsessions. The issues politicians do not discuss are as telling and decisive as those they do. While the government’s cuts beggar the vulnerable and gut public services, it’s time to talk about the turns not taken, the opportunities foregone: the taxes which could have spared us every turn of the screw.

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A plan for “untaxing” the working class

untax the poor, tax land

Letter to the Editor: Increased transfer payments are not the best way to address Toronto’s grotesque income disparity, as Wayne Roberts suggests (NOW, October 4-10).

Transfer payments are financed by taxing jobs, businesses and sales, which damages the economy by killing jobs, punishing successful businesses and raising the cost of products we all need.

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Real Estate 4 Ransom

I want to live here!

Who is property speculation really good for? With global economies stressing as property values plunge and banks write down their books, this film gives an alternative to the push for austerity.

http://realestate4ransom.com/

Real Estate 4 Ransom is a documentary about global property speculation and its impact on the economy. Real Estate 4 Ransom considers the changing motivations behind property investment and challenges the notion that the Global Financial Crisis was caused by bank lending alone.

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Lib-Dems Promote LVT

The Aim of Liberal Democrat Action for Land Taxation and Economic Reform (ALTER):

"To improve the understanding of and support for Land Value Taxation amongst members of the Liberal Democrats; to encourage all Liberal Democrats to promote and campaign for this policy as part of a more sustainable and just resource based economic system in which no one is enslaved by poverty; and to cooperate with other bodies, both inside and outside the Liberal Democrat Party, who share these objectives."

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Land Labour Campaign

Whenever a new public service is introduced to an area, or an existing one upgraded, this increases land values in the vicinity, thus benefiting owners of land in the area, at the expense of taxpayers. With LVT in place, the public at large would get back a major share of the increased value, so that, in effect, the project could become self-financing.

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