3% of £80 is more than 0.5% of £100. So what would raise more revenue - Land Value Tax or a general Wealth Tax?
 

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 Posted by DBC Reed  October 15, 2017 at 8:48 pmFrom 86.182.119.x  Report Abuse 
 
Given the degenerate state of British politics, we're not likely to get either. Since on the advice of someone who called for the 'remoralising' of the UK but was then accused of using 15 year old rent boys at Tory Conferences, we abandoned the successful Macmillanite policy of creating consumer demand and making sure it was met, it has been the Masque of Anarchy. There is not now the impetus to rebuild a mixed economy welfare state based on full employment and affordable housing to provide the labour mobility to consolidate it. Not even in the Labour Party.
 Posted by JQ  October 10, 2017 at 7:51 pmFrom 90.217.147.x  Report Abuse 
 
Strictly speaking the question is worded badly. It's like asking "John McDonnell is an idiot. What is 1 + 1?"

Anyway the rates can be set at whatever level the tax raiser desires so this question cannot be answered properly.

Yes, I understand the intended meaning.
     Posted by Mark Wadsworth in reply to JQ  October 10, 2017 at 7:58 pmFrom 81.106.8.x  Report Abuse 
     
    The rate-setter cannot decide what the revenue maximising rate of a tax is. He can choose to set it at a different rate if he wishes, but will then get less revenue.


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