bluestreak
HomosexualityIsStalin’sAtomBombtoDestroyAmerica
Blimey! No wonder the Tories turned their back on this report! It's suggesting transferring the money IN THE WRONG DIRECTION!
Let us take the case of Guildford to give
a sense of scale of the incentives that could
be offered to local people to support development.
Imagine that we were to add
10,000 houses to Guildford. This is clearly
a substantial number and under the current
system would lead to extensive protests.
But each house that is built adds approximately
£140,000 in value to the land on
which it sits. Let us imagine that the community
captured £100,000 of that value,
with the remainder going on buying the
land and providing the infrastructure. That
means that Guildford Borough Council
would be sitting on a total profit of £1 billion,
or around £15,000 per resident. Thus
the council could ask local people whether
they preferred to be given £15,000 a head
and accept 10,000 additional houses, or
whether they preferred to keep Guildford at
the same size and make no windfall gain.
As MPs and local councillors across
Britain know, local residents do not like
development but nor do they like council
tax. Guildford would only have to allow
500 new houses a year to abolish council
tax altogether. It seems likely that the people
of Guildford would trade a 1 per cent
increase in housing for a 100 per cent
reduction in council tax. As Bevan showed
60 years ago, stuffing people’s mouths with
gold is a very effective way of securing
agreement. The difference here is that the
gold is created by the process, it does not
require any rise in taxes elsewhere because
the process is self-financed.
a sense of scale of the incentives that could
be offered to local people to support development.
Imagine that we were to add
10,000 houses to Guildford. This is clearly
a substantial number and under the current
system would lead to extensive protests.
But each house that is built adds approximately
£140,000 in value to the land on
which it sits. Let us imagine that the community
captured £100,000 of that value,
with the remainder going on buying the
land and providing the infrastructure. That
means that Guildford Borough Council
would be sitting on a total profit of £1 billion,
or around £15,000 per resident. Thus
the council could ask local people whether
they preferred to be given £15,000 a head
and accept 10,000 additional houses, or
whether they preferred to keep Guildford at
the same size and make no windfall gain.
As MPs and local councillors across
Britain know, local residents do not like
development but nor do they like council
tax. Guildford would only have to allow
500 new houses a year to abolish council
tax altogether. It seems likely that the people
of Guildford would trade a 1 per cent
increase in housing for a 100 per cent
reduction in council tax. As Bevan showed
60 years ago, stuffing people’s mouths with
gold is a very effective way of securing
agreement. The difference here is that the
gold is created by the process, it does not
require any rise in taxes elsewhere because
the process is self-financed.

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