Oh, someone else at the Adam Smith institute wrote about ground rents or something akin to land value taxes. https://www.adamsmith.org/blog/tax-spending/tax-simplification-the-case-for-a-land-value-tax …
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80% of our policy work is about reducing planning constraints on new developments.
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that's certainly one part of it! But just blanket saying "regulation" doesn't make any sense because land will always be regulated in one sense or another. How does anyone have property rights without some sort of governance or regulations that protect those property rights?
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We work with what we're given. But, I'm not a fan of affordable housing requirements. It seems to me they're essentially equivalent to a tax upon new development.
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They are a tax upon new development, but at the end of the day, market-rate developers can't built housing accessible to minimum wage workers in coastal California & we have a greater % of those workers than high-income workers.
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also considered to be a Third Rail issue here.
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I think it's possible to move towards a more rational property tax system, but I think you'd likely have to do something radical like scrap IHT and Stamp Duty and cut Business Rates to build a coalition in favour.
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I'm not from the UK so I don't understand how IHT and Stamp Duty works?
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probably not
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Absolutely!
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