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Churchill knew how to solve the housing crisis

The key lies in "land value capture"

By Thomas Aubrey  

Winston Churchill in 1941 ©BiblioArchives / LibraryArchives

During his tenure as President of the Board of Trade, Winston Churchill wrote a book called The People’s Rights. In it he confronted the issue of landowners benefitting financially from the productive work of others. As the demand for housing and business properties increased, the rewards of rising land values flowed to the landowners at the expense of taxpayers. Crucially he noted this also resulted in a loss of competitiveness to the nation. Not that much…

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