Scotland’s public services need to be funded from site rental values (AGR) instead of damaging taxes in order to start reclaiming an astonishing £36 billion of annual economic losses attributable to current out-moded taxes
HOW TO RECLAIM SCOTLAND’S £36bn
PUBLIC MEETING in Edinburgh
24 March 2017, 1.30pm
Join us in Edinburgh where our speakers Andy Wightman MSP, tax expert Mark Wadsworth and economist Fred Harrison will explore newly devolved powers allowing Holyrood to start introducing AGR, to set Scotland on the road to shared prosperity and fully funded public services. Substituting 10p of Income Tax with locally collected AGR would boost Scotland’s economy by about £6bn a year, address social exclusion and revitalise local governance.
Venue: The Quaker Meeting House, Victoria Terrace, Edinburgh EH1 2JL.
Free entry. RSVP: firstname.lastname@example.org
ANDY WIGHTMAN MSP is a household name in the Scottish land reform movement. In 1996 he published his book Who Owns Scotland and went on to establish the eponymous website. Scotland: Land and Power followed in 1999, and in 2010 his book The Poor Had No Lawyers was a rigorous examination into how a conniving Establishment managed to turn common land into private property. Andy was a member of the Scottish Government’s Commission on Local Tax Reform, and in 2016 he was elected as an MSP for Lothian.
Working as a tax adviser, MARK WADSWORTH LLB BA ACCA ATII began to despair of the chaotic shambles that is the UK tax system. Setting out to simplify it, he came to the independent conclusion that a flat charge on land values could replace a plethora of existing taxes — without repressing enterprise. Publication of his proposals drew such irrational criticism that his conviction was further strengthened, and he is now one of the most articulate advocates of AGR.
Economist, FRED HARRISON is Director of the Land Research Trust, London, and author of Beyond Brexit: The Blueprint, 2016. He was the first to forecast the top of the housing cycle of 2007, and of the following economic depression (in The Chaos Makers, 1997). He now warns that the next global financial crisis will strike when house prices peak in 2026, but Scotland could quarantine itself through tax reform.
Dot Jessiman and Duncan Pickard will then join the speakers in a panel to answer questions on our reform proposals.
Liberating enterprise (as is done in, for example, Hong Kong and Singapore) is key to Scotland’s future prosperity. Economic gurus from Adam Smith to Joseph Stiglitz have pointed out that economic damage is cancelled when revenue is raised from unearned rents. AGR (Annual Ground Rent) is the fiscal instrument that will sort it for Scotland.