UK Land tax proposal that has support from both the Right and the Left
Early in his career Winston Churchill attacked what he called “the mother of all other forms of monopoly”: land.
Profits from rising land values were not only “unearned”, Churchill warned in a 1909 speech, but “positively detrimental to the general public” because high land prices become a barrier to development.
Churchill would go on to lead the traditional party of rural landowners – the Conservatives. But at the time he was in the ruling Liberal Party, whose chancellor, David Lloyd George, had proposed a land tax.
However, instead of redistributing wealth across the country, the plan triggered a constitutional crisis and two general elections.
Melissa Lawford Telegraph 26 August 2024
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