are cuts necessary?

What though, would the effect of applying a 98% land value tax and correspondingly reducing other taxes be, I wonder? :-)

Good Heavens! All these radicals about!

I can imagine a proposal for 98% inheritance tax, for those who hate inherited wealth (and since I never had any inherited wealth, I can look

upon such a proposal with equanimity).

But normally tax is collected on transactions, and a 98% land tax would presumably be applied when someone buys or sells land. That would certainly slow things down a little - which the banks are doing now by simply hoarding the money given to them by the government on our behalf,

soon to be repaid by cutting the DHSS payments. It's not radical in other countries (Latin America, Africa) to rob the poor in order to reward the rich, but we haven't done it for a while. I think it's part of our natural progress to become another Third World country.

See here:

I snorted with derision at "The civil service can be relied upon for competent drafting of the legislation" and stopped reading at "LVT is a replacement for current taxes".