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Tax the ground they walk on

A new land tax is the only efficient and fair way to bring Britain’s finances back into line

By P L   April 2010

The Duke of Buccleuch and Queensberry on his estate: 0.3 per cent of Britain’s population owns 69 per cent of its land

Consider these three facts. One: Britain is struggling to recover from a crisis caused in large part by a huge property bubble. Two: unemployment is painfully high. Three: the government has a huge gap in its finances. So, what would you raise taxes on?

Astonishingly, Labour is proposing to raise already high taxes on labour, through an increase in national insurance contributions. Finance fails, so workers pay—this is not only unfair, it will also damage future…

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