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Candidate for Labour leadership supports Land Value Tax

Andy Burnham, one of the candidates for the Labour leadership has made Land Value Taxation a plank of his campaign:

The LVT, an annual tax on the market rental value of land, would allow for the abolition of stamp duty – a tax on the aspirations of young people to put down roots and get on in life.

In this way, it puts aspirational socialism into practice – a philosophy that combines the best of old Labour and the best of New Labour, where collective action helps all people be the best they can be. It captures mainstream Labour opinion in a way that old Labour or New Labour never truly did. And that is why it is right for this time.

The full article was published in the Guardian, here

Posted in News, Site Value Tax.