Politicians as a general rule are rapacious by inclination, but what really differentiates them from ‘private sector’ thugs, such as muggers, burglars and home invaders, is their breathtakingly smug sense of morality inverting entitlement to your things… a conviction that anything you ‘own’ is only done so at their sufferance.
Mr Cable’s move to back a land tax is likely to prove the most controversial. Supporters of a land tax, who outlined their case at a fringe event at the conference, say that an annual tax on the rental value of land would be fairer than levying charges on the sale of homes or on the purchase of goods through VAT. Land, they argue, “is a basic community asset” and individuals should be taxed when they claim “exclusive use” of particular plots.
In other words, you cannot ‘own’ land in reality, you can only rent it from the state, who will allow you to control their land only if you can keep paying the annual rent they decide to levy on it. Moreover the notion of taxing a non-producing asset like private residential land is tantamount to a ‘war on retirement’ and wholesale residential collectivisation. It is a literal end to the notion of freehold.
I have never understood how some credulous libertarians and conservatives have ever seen supporters of the Land Value Tax as anything other than the rapacious collectivising rent seekers that they are.