Tax unearned income to bring end to recession
HOW to end the present recession: reduce tax on earnings, increase tax on unearned income and bring in an annual tax on land.
Without enterprise, skill and hard work applied to land, there is no value in it. More land on the free market would mean more housebuilding.
Increase mortgage rates to above the rate of inflation. Pay savers high interest above the rate of inflation. Apply capital gains tax to house resales, as such gains are not earned.
Thrift and self-help is needed to encourage savers and make a strong pound.
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Such measures would check the excessive house-price inflation of the past decades.
Gordon K Moore
St Clare's Close
Derby
7 Comments
by Derby_born
Wednesday, March 13 2013, 9:54PM
“Excellent ideas that are guaranteed to wreck the building trade, ruin the housing markets and ensure that no one but the very rich ever own their own homes. Girdon Moore is either a Soviet Communist or. a private landlird who wants to monopolise the hous ing market for his own profit!”
by rbob123
Tuesday, March 12 2013, 5:31PM
“This man is to economics what Tobias is to our monarchy.”
by Monsieur_Lupo
Tuesday, March 12 2013, 2:46PM
“Au contrare, I merely made an educated guess based upon, a) probability given the address, and b) what he has said in this and previous letters about home ownership in this country and the predominance of renting on the continent.
If you ignore a), b) still suggests I am more likely to be right than not.”
by Http_404
Tuesday, March 12 2013, 1:46PM
“Lupo I agree with your sentiments and also chuckle at the great mans letters and his ideas that house improvement works somehow just happen and aren't 'earned' etc etc etc but your comment - "given both the comments and the address"
What does his address have to do with it? Not all the properties on St Clares Close are Derby Homes, some are in private hands and not rented
Your comment just stinks of your own snobbery”
by Monsieur_Lupo
Tuesday, March 12 2013, 1:04PM
“A fair assumption, Sarah, given both the comments and the address.
Oh, and the tedious repetition of, what is in effect, the same letter, over and over. I am a little surprised that the Derby Telegraph continue to print them. He says the same thing, in the same tone, with no relevance to any specific news item.
Bored and envious, it seems.”
by SarahL123
Tuesday, March 12 2013, 12:47PM
“Wow - how to financially cripple the home-owner in one easy lesson! I take it you rent, Gordon?”
by Monsieur_Lupo
Tuesday, March 12 2013, 12:29PM
“Same **** different day, eh Gordon?
You really do regret living in rented accomodation and not buying, don't you? You also envy those that did so much that you want to tax us even further.
Pitiful and pathetic.”