Rejected petition Replace taxes on production by a Land Value Tax.
Reduce taxes on production such as income tax, VAT and corporation tax. Abolish taxes on buildings.
Implement a land value tax. That is, an annual tax on land ownership, but not on any man-made improvements on the land.
We provide three reasons for doing this. Please click to see below:
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1) People deserve to own what they make. No one made land, so it is fairer to tax land than production.
2) Supply of production changes to suit demand, self-regulating its price. This is not true of land, which has fixed supply: By now, land is 60% of UK wealth. 70% of land is owned by 1% of the population.
3) A tax on production lowers its supply but not demand, raising its price by the amount taxed. A tax on land would lower its demand but not supply, lowering its price by the amount taxed.
This petition was rejected
Why was this petition rejected?
It’s not clear what the petition is asking the UK Government or Parliament to do.
We're not sure exactly what you are referring to in regards to "taxes on buildings" and which of these taxes you would like for the Government or Parliament to abolish.
You may wish to create a new petition clearly setting out what you would like the Government or Parliament to do.
We only reject petitions that don’t meet the petition standards.