Living rooms have shrunk?

[Notch7]

But please go and research it and come back.

It seems you havent researched it, you clearly dont like being asked questions about how it works in practice.

 

[Brigadier]

hmmmmm

1. I didn't realise that the referendum result was split along Tory and Labour lines.
2. That's why you shouldn't post in the Jokes section, as you clearly wouldn't know one

 

[SirGalahad]

There is no failure to understand an answer, you have failed to provide any answer.

You are welcome to call me Comrade Notch or anything else, it just means you arent answering the question.

You want an answer you understand but which is wrong. I suggest you re read the posts - but just to humour you, ask the question again.

 

[JohnD]

oh, so "vote" means "for Brexshit?"

Remoaners

 

[SirGalahad]

It seems you havent researched it, you clearly dont like being asked questions about how it works in practice.

So tell me then.

 

[Notch7]

You questioned that LVT being least distortionary was an opinion and not fact without backing it up. So I simply asked for some evidence.

But without evidence, your theory can be dismissed without evidence. Ask johnD he loves quoting that.

If LVT has a chance of being least distortionary, would require a complete revamp of planning rules.

The same applies to saying land is a factor of production........it is not because planning rules prevent it.

 

[Notch7]

If the argument that land cant be hidden in a tax haven meaning LVT is a tax that cant be avoided, well houses cant be hidden either.

 

[JohnD]

If LVT has a chance of being least distortionary, would require a complete revamp of planning rules.

Why? What evidence do you have to support your claim?

 

[SirGalahad]

But without evidence, your theory can be dismissed without evidence. Ask johnD he loves quoting that.

If LVT has a chance of being least distortionary, would require a complete revamp of planning rules.

The same applies to saying land is a factor of production........it is not because planning rules prevent it.

Wow. Just wow. You have nothing to argue. You don't even know what distortionary means in taxes or what a factor of productivity is. Well its clear you dont even know basic economics but are arguing something you dont even understand.

Go learn something about economics before you spout more rubbish.

https://www.stlouisfed.org/education/economic-lowdown-podcast-series/episode-2-factors-of-production

 

[Notch7]

and can remove income tax (a penalty on production) if set high enough

So if a group of businesses on an industrial park all do well. The land will become worth more. This will be seen when the valuation of the land gets updated. The LVT goes up. The businesses pay more tax. LVT becomes a penalty on production.

 

[hard-work]

And if the land value is, the LVT will be high and the rent will be high.

If land value is high there is a reason for it to high. People want/need that land for what it offers so are prepared to pay for the land or rent the land. What it offers is what the surrounding community creates, in its location, not the landowner.

 

[SirGalahad]

So if a group of businesses on an industrial park all do well. The land will become worth more. This will be seen when the valuation of the land gets updated. The LVT goes up. The businesses pay more tax. LVT becomes a penalty on production.

Lol. Still with the council tax / business rates taxonomy. You can't see facts in front of you because you are either so ideological obsessed or simply lack comprehension.

LVT is based on the land value. What you do on it or not doesn't matter you pay the LVT.

Relocation anyone?

 

[Notch7]

Wow. Just wow. You have nothing to argue. You don't even know what distortionary means in taxes or what a factor of productivity is. Well its clear you dont even know basic economics but are arguing something you dont even understand.

Go learn something about economics before you spout more rubbish.

https://www.stlouisfed.org/education/economic-lowdown-podcast-series/episode-2-factors-of-production

Wow, just wow, Kankerot refuses to discuss, resorts to his usual belittling mode

Factors of production, not hard is it:
Economists divide the factors of production into four categories: land, labor, capital, and entrepreneurship.

You go on about how LVT will allow land to become a factor of production rather sitting idle, because its sitting doing nothing. Perhaps you can explain how planning restrictions dont get in the way.

So would or would not the planning rules need totally revamping to avoid huge distortion?

 

[Roger928]

Most of our wheat still comes from North America

Nope. About 80-85% of the wheat used by UK flour millers is home-grown, although the precise proportion depends on the quality of the UK harvest.

 

[SirGalahad]

hahahahaha

First its not. Now it is. I can't argue with that. You just proven yourself you don't understand economics.

The same applies to saying land is a factor of production........it is not because planning rules prevent it.

Factors of production, not hard is it:
Economists divide the factors of production into four categories: land, labor, capital, and entrepreneurship.

Land is a factor of production. Idle land doing nothing is not being put into productive use. If you cannot understand basics then don't make arguments you don't understand.