Quote:
Originally Posted by Eurosceptic Atlanticist
Taxes should be cut, government spending should be reduced to plug the gap.
Also, we should move away from taxing income and tax consumption instead.
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I don't agree, it is the same thing, it taxes labour just at a different point, except it is more regressive. In my under-graduate economics we were taught that sales taxes, unless they have exemptions, are regressive. And I would concur with this conclusion as the poor pay tend to spend more of their income immediately.
I favour the LVT because it is a tax on the unimproved value of land and therefore not on anyone's labour but is the collection of what society and nature created and is a tax which must be paid anyway and better society gets it and lowers other taxes than a landlord gets it though he created little of it. I also favour it because I believe we all should have equal access to land and that eternal ownership of the earth by a few due to first-come-first-serve is wrong. But I also don't want the gov't to own the land and this does not mean it does. It also decreases the price of land, increases wages and decreases interest.
I then favour tariffs to collect any other needed revenue not because of protectionism but because it is better than domestic income, capital and sales taxes, as many free trade thinkers themselves have echoed.