Gli inquilini in Inghilterra che spendono “inaccessibile” il 36% del reddito in affitto, mostra l’indagine

When wages rise rents go up. If goods get cheaper rent goes up. If taxes are cut rents go up. When businesses’ profits go up their rent goes up. Our economy is set up to benefit landowners while those who don’t own land are screwed at every turn.

Wages are kept low and prices are kept high because any improvement in the economy is immediately appropriated by the landowning class. Only ten percent of bank lending is in productive assets, most of the rest is in land.

We need a land value tax to redress the balance of power between landowners and the rest of the country. No-one created the land yet over half of the county is owned by less than 1% of the population. The value of land is created by the entire national community and the rent extracted should belong to the public, not the oligarchs, aristocrats and banks