British tax dodgers will soon find a way round the Chancellor's latest attempt at a clamp-down. Like this, perhaps There is no limit to people's ingenuity.
Living in Monte Carlo would not be my cup of tea, but people are mobile. If governments try to tax them, they will dodge. Land, on the other hand, is fixed and cannot be removed to a tax haven or hidden. If governments base their revenue-raising on land holding, then they will not lose their revenue through tax avoidance.
If you see this and have the Chancellor's ear, could you remind him, please?
I got involved in a discussion with a Youtuber called “Philosophy all along”. This was in connection with criticism of Trump’s policy of deporting illegal migrants, which he argued would be bad for the economy as it would reduce demand. This implies that there is a need to import people to sustain demand. There is no obvious reason why a population should not be able to consume everything that the same population produces. If it can not, then something else is going on. It is a basic principle that wages are the least that workers will accept to do a job. Wages are a share of the value added by workers through their wages. The remainder is distributed as economic rent, after government has taken its cut in taxes. Monopoly profit is a temporary surplus that after a delay gets absorbed into economic rent. Land values in Silicon Valley are an example of this; it's like a gold rush. The miners get little out of it. Rent and tax syphon purchasing power away from those who produce the g...
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