"the one favoured by Common
Weal, is a #LandTax or Property Tax (PT) based
on the market value of the land. This tax takes
into account the price of the land plus any
developments on it, essentially treating the
11Common Weal Taxing Scotland’s Land
land itself as no different from any other kind
of property in terms of being a valuable, and
thus taxable, wealth asset"
Weal, is a #LandTax or Property Tax (PT) based
on the market value of the land. This tax takes
into account the price of the land plus any
developments on it, essentially treating the
11Common Weal Taxing Scotland’s Land
land itself as no different from any other kind
of property in terms of being a valuable, and
thus taxable, wealth asset"
[formatting from PDF, which I have not tidied up. This is how the publishers wanted you to read it]
https://commonweal.scot/wp-content/uploads/2024/04/Taxing-Land.pdf
Content Warning
This is where Common Weal is JUST DEAD WRONG. This is a BAD plan.
Why?
It taxes the poor crofter and the working farmer at exactly the same rate as the vast holdings of hereditary aristocrats and unscrupulous #Greenwashing kleptocrats.
There is no incentive to split estates into smaller holdings: instead, economies of scale drive expansion.
Any #LandTax MUST have a proportional element -- as #IncomeTax does -- so that the more land you hold, the more tax you pay on each hectare.