If society collected the Annual Ground Rent (i.e. LVT) our high streets would be fully occupied, because the site rental value is the amount a business can afford to pay — its full surplus. Arbitrary
Continue ReadingYear: 2017
Post-election thoughts for Nicola
The SNP manifesto came out just in time to read before the election. In it are the commitments to sustain and enhance the lives of citizens one expects to find — all competing for limited
Continue ReadingFixing the economy
How to sort it for Scotland. By our own Professor Roger Sandilands in The Times yesterday.
Continue ReadingAutomatic land reform at no public cost
Land reform — fully automated and at no cost to the public? Find out how at our PUBLIC MEETING on Friday 24th March at 1.30pm, Quaker Meeting House, Victoria Terrace, Edinburgh EH1 2EX. RSVP. RSVP.
Continue ReadingThe virtuous AGR economic cycle
Our resident Emeritus Professor of Economics, Roger Sandilands explains the virtuous AGR cycle that would bring prosperity to Scotland: “Reduce taxes and rents will rise. Collect those rents as public revenue and, as Adam Smith
Continue ReadingHow much damage is caused in Scotland by taxation?
Damages caused by current taxes are called ‘deadweight losses’. Nobel economists claim £2 is lost to the economy for each £1 of tax raised in Scotland today. SLRG uses a conservative estimate of £1 of deadweight losses per £1
Continue ReadingHMRC does not know the net income of Scotland
What is the net income of Scotland, the sum from which revenue could be raised to fund public services? HMRC has never bothered to find out. That’s because the socially-generated rents of land, public value currently flowing
Continue ReadingSite value capture is key to rescuing Scotland’s economy
Start capturing land values to fund public services please, Mrs Sturgeon. You can replace up to 10p of Income Tax with locally collected AGR. This measure would quickly add £billions to Scotland’s economy.
Continue ReadingA source of state revenue that does no damage
Adam Smith tried to draw to our attention a source of revenue which, if collected, would not reduce the revenue and wealth of the people: “…no discouragement will thereby be given to any sort of industry.
Continue ReadingScotland’s priority?
We can understand that the SNP priority will always be independence. Ours is cancelling £36bn Annual Scottish deadweight losses. Here is the basis of our thesis to be explored at our public meeting in Edinburgh, 24
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