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18 February 2013updated 22 Oct 2020 3:55pm

Why all progressives should support a land value tax

Through no effort of their own, landowners reap a £100bn annual windfall. Caroline Lucas's bill shows the way towards a moral capitalism.

By dDavid Cooper

Caroline Lucas, Brighton’s Green MP, has submitted a private member’s bill promoting a land value tax. After some delay, it should have its second reading on 1 March. Every progressive politician in Westminster should support this bill.

David Cameron considers it part of his job as Prime Minister to provide moral leadership. It’s worth recalling a few of his words: “we need to reconnect the principles of risk, hard work, and success with reward.” According to him, markets are moral: “open markets and free enterprise can actually promote morality” because “they create a direct link between contribution and reward; between effort and outcome”.

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