Documentary # 4 - Betrayal of the Lords

[sarah1ooo1]

People did not use to have to pay tax to live on their own land until they were invaded .

Thanks for this video though check out the daily mail news today 27/2/2011 titled....

( Look who owns britain: A third of the country STILL belongs to the aristocracy ). It has a list etc.

[mostwantedrh]

I love these documentaries, very helpful

[oldproji]

What the ordinary person on the street has forgotten is that we still hold all the power over the all the giants. Lilliputians conquered the giant and we can still do this today, collectively. If anyone is serious about doing so, any of the giants of commerce can be defeated by not patronising them with hard earned cash. That's where it will hurt most of all. The problem is that the giants know the Lilliputians will never get together on this, so it seems we are doomed to slavery.

[nonfictionone]

The Golden Rule: He Who Has The Gold Makes The Rules.

The fine print in this rule: 'everyone else can stick it up their arse'.

[ronpaul2008rocks]

It is important that Britain raise more taxes. How else will she get the money she needs for wars and bank bailouts? Raise taxes now!!!

[Fonyod2008]

@ronpaul2008rocks

Rubbish!!

[ronpaul2008rocks]

@Fonyod2008 I was being sarcastic.

[Fonyod2008]

@ronpaul2008rocks

The name Ronpaul, did make me pause, these days with so many Liberals around one never knows'.

In the near future we shall be asking for a little extra spending money, "please" from our Dear Leader!

Sovereign debt bubble, next to burst-Can't wait to hear, nobody saw it coming!

[2012nukesub]

People in Britain have the right to own land.

[NearAbbeyRoad]

@2012nukesub

No one is saying they should not. Land Value Tax is well ...just a tax. A tax on the "value" of land, not the bricks on the land. LVT is no tax on your personal income, you keep what you earn. LVT is tax shifting. Very clever and very fair. Everyone benefits.

LVT does not change the system. Business behaviour remains the same, ownership remains the same.

[NearAbbeyRoad]

The term "economic rent" should be changed to "Site Revenue". This is the best term. It brings no confusion with landlord-tenant rent and has no connotations of land nationalization. It extends to all sites, whether land or otherwise.

[NearAbbeyRoad]

LVT lowers land values overall. This not fully effective when an artificial land shortage is maintained, ratcheting up land values and hence house values.

We need planning reform to allow people to build on the vast subsided fields and give people cheap homes. Then debt is reduced.

1 acre of agricultural land approx £4000. A prefabbed eco house approx £25,000 - the average house price in the UK is approx £185,000.

LVT would pay for any infrastructure needed.

We need change - quick!!

[NearAbbeyRoad]

Currently 2/3 of the value of the average British home is the land value - the bricks and wood don't count for much. Only 7.5% of the land is settled. An artificial "building land" shortage was created. Britain has a land surplus, despite the Countryside Alliance, Council for the Protection of Rural England saying spreading propaganda saying otherwise.

We needs planning reform as well as LVT.

[NearAbbeyRoad]

I wish the term "economic rent" was changed. As people think rent is what you pay for your apartment.

If the message is to be put across well, simple words and language has to be used.

[Hkepfer]

Love the sentiment but the term renegade economist is oxymoronic.

In the USA, the national government taxes our income, gas & alcohol & the state government taxes, income, sales and property.

1) All taxes should be even across the board - flat taxes.

2) Our taxes should go to the proper regulation and oversight of free commerce for the proper execution of voter expectations.

3) Some behavior is not lack of regulation but criminal activity.

4) Stop the Crime university cycle.

[cityzenkane108]

I agree, this is a complex subject, however the documentary is very enlightening. Need to know more in greater detail.

[earthstick]

These 'documentaries' need to get a bit deeper. The previous one on casino capitalism failed to state even how the system creates money or what should be done instead.

Talk us through how land taxes work.

The comments below are hypothesising about what the author ment.

Unfortunatly these clips are at best shallow and at worst propaganda. There's no substance.

[magrathean0]

Earthsick, the documentaries don't need to 'any deeper', this is as deep as it gets because Fred is actually highlighting the root problem. The monetary and banking theories are imo largely ruses to confuse people and obfuscate the true, simple, but politically inconvenient nature of the problem. If you give one group of people the private ownership of the land and make others pay them privately for access, you create eternal indebtedness and commensurate privilege. This is what we have done.

[uberkshirehunt]

Fundamental issues with Fred's thesis. If you tax land rent at less than 100% landowners will try and achieve even more inflated prices, to try and maximise NET profit. This would induce faster boom busts.

If you tax it at 100% then land owners will try and sit it out, and hoard their land.

This would reduce economic development and wipe out tax collections.

Should the govt. force landowners to sell via compulsory purchase? An end to private property?

Mugabe for Prime Minister!!

[ourearthhome]

I assume you are saying first that landowners will try to charge more in rent in an effort to pass the tax on to tenants. All economists agree that a tax on land values cannot be passed on as can taxes on labor and capital. Second you are saying that landowners who are required to pay 100% of the rental value of land whether or not they use or rent the land is absurd. They would be bankrupt in short order and would be forced to make land available at market rent or sell. Learn real economics.

[NearAbbeyRoad]

@uberkshirehunt

Land Value Tax,does not change the business system or behaviour. The great benefit of the system. Land is privately owned. It is not communism - an emotive word used to keep the status quo.

Fred emphases in his clips, LVT can fund major infrastructure, such as metro systems, which should be its prime initial use. Infrastructure creates wealth. LVT is not a tax on just the rich, LVT is for all with no personal income tax. Income tax penalises a man's ability to progress.

[NearAbbeyRoad]

@uberkshirehunt

Vacant land is taxed by its current value, so it gets sold or put to good use. This occurred in Pittsburg and cleared up vacant lots and houses.

You can move Capital and Labour but not land. One acre of cheap land in Newcastle can't be taken to Central London. The taxman knows where it is all the time. It can't be taken off-shore and hidden.

People are not taxed on their labour and efforts (income tax) and have the incentive to work more and be more productive.

[LeamingtonSteve]

what a totally useless piece of turd Crash Gordon is.

[NearAbbeyRoad]

Fred is highlighting the root cause of the economic system of the whole western world - no taxation on the value of land. Gordon is only doing what all others are doing in all other countries.

[chuckmonkey7337]

is this documentary honestly suggesting marxist land reform

[stevengodkin]

This is not marxist land reform. It's shifting the burden of taxation BACK to the land owners. If you own your home, you'll pay a little in tax. If you own a hundred rental properties, you'll pay in more. simple. and fair considering that it's the people living there that makes the land worth what it is anyway

[janosabel]

In return for paying the land levy, landowners would earn more by improving and enlarging their buildings without being penalized by all kinds of hidden taxes.

The increase in the community charge when the improved property kicks into a higher band could also be dropped.

So we should really be talking about a tax shift; not another tax for greedy politicians.

[ahonie]

Fred, Great History Details, and story, make this a clear to understand. I agree to the tax reform to land based value and a cap on total CASH/STOCKS wealth (after your CASH/STOCKS is worth 200 million, all extra income goes to the Government who can create Jobs for the poor). Since if a minority has excessive Money/Power and just puts it away, it's like I will not feed my kids since i just put all my extra money/stocks into a black hole. What is the point of wealth if you don't spend it????

[ahonie]

Also all countries have there own standard of Currency, and the Us has gone from a Silver based to Gold based to in god we trust. On top of that the Banks are making interest for nothing, they lend us notes we each can make, since they are just noted now not certificates of deposits. Or even better we could have money based on Footage of land owned, so all land would have value, of course this could cause a land value increase but mixed with a tax based on land value it would work....

[ahonie]

Sorry for the spelling errors, I get excited to think Economics/Monetary system. In some parts in Africa you don't own the land, just the products you make with it. Prevent land from being owned, Owning land causes land value to go through the roof and not being used. If you Replicate Land Laws as nature has laws like DNA (Biological Laws/Blueprint) it all changes the cell. Land Laws (our man made DNA) change the way people act. So the laws are to blame for this (tax/land laws in particular.)

[busterbox]

Best video yet, Fred! Great stuff.

thebrassnut:

The tax is on the rent of land, or land value if you like.

[WillEyedOney]

Where can we read more about this?

[BFKate]

Fred Harrison wrote a book about it. Called BOOM BUST.

Available from all good book retailers.

[uberkshirehunt]

Have just read Boom Bust. While it's good that he spotted the bleeding obvious (property prices over-heating) I am BEMUSED by his assertion that land is not fairly taxed. Capital gains on land are payable at 40%. I have just read the Revenue & Customs rules and there it is: if you dispose of land and make a gain, 40%. Just what exactly does Mr Harrison propose tax-wise which would eliminate the need for income tax, a 100% tax on the capital gains from land perhaps...?

[ourearthhome]

Harrison is proposing to tax land values up to the full amount of land rent per year. As long as such as land value/rents were reassessed often and the tax raised as land rents rise the result would be to drive the market price of land down to near zero the closer the tax got to 100%. At that point there would be no capital gains type gains on the sale of land and no need for taxing same because there would be no such gains.

[NearAbbeyRoad]

Fred is proposing a tax on the values of land every year. All Land. And no income tax on your wages.

Capital gains is only paid on the sale of land. As all land is not sold each year there is not much gain overall to the government who need to pay bills.

You do not pay tax on your only home.

[uberkshirehunt]

Furthermore, what does the government do with the taxes it collects? Creates hundreds of thousands of pointless, vacuous white collar jobs that strangle the country to death: what the HELL is an "outreach worker"? 180,000 NHS beds and 175,000 NHS managers. Anything wrong with this picture? What the HELL is an NHS "manager" anyway? White collar BULL-SHITTER strangling the doctors and nurses to death with targets, bureaucracy and form-filling.

Britain is FINISHED, mark my words. FINISHED...

[ourearthhome]

The collection of community created land value would bring in such revenue that government could provide a guaranteed minimum income to everyone and stop sharing the wealth by silly ass make work jobs. You have a good point but only because what government is doing is the least efficient way to do it, i.e. benefit everyone.

[NearAbbeyRoad]

@uberkshirehunt

You appear very confused. The inward running of the NHS is irrelevant to the economic/tax system we run by. Introduce Land Value Tax and then think of any inefficiencies you perceive that are in the NHS and send them a letter. Yep.

[NearAbbeyRoad]

Britain will be finished if it does not adopt Land Value Taxation.

The extra revenue the UK gets will pay for infrastructure, like metros in cities and pay off the huge debts.  Compared to other cities the UK is poorly served by metro systems. Infrastructure increased the value of land. We all gain.

Cheaper land by LVT and relaxing the planning system to build on the countryside - only 7.5% of the UK is settled - a labour intensive construction industry will rise.

[Fonyod2008]

@NearAbbeyRoad

Stuff the farmland- we don't need food.

Concrete over all the greenfield sites'

Britain is finished by design, nothing else at all.

Who owns the land- who owns each and every freehold?

Financed by what and by whom, all the construction?

[NearAbbeyRoad]

@Fonyod2008 says: 'Stuff the farmland- we don't need food.Concrete over all the greenfield sites'

Only 7.5% of UK land is settled. We can't concrete over much. If all cities and towns were twice the size is is still only 15%

It doesn't matter who owns land. LVT will sort it out and keep land prices down stopping financial crashes - the 1929 & CC were land fuelled.. Relaxed planning will ensure people have freedom to build and live where they want to - large highly affordable private homes

[thebrassnut]

So the tax is on the income from the rent of the land? Land owners wouldn't be taxed, ie farmers?

[janosabel]

Tenant farmers would not be taxed. Farmers who own their farme would pay a land levy according to the market value of the land. Income from selling the produce would not be taxed

[NearAbbeyRoad]

Any LVT would be passed onto the tenant farmer, paid by the land owner, but the tenant is relieved of any tax burden and tax bureaucracy. He pays no tax on his work, so is more productive.

[NearAbbeyRoad]

The tax is the current "value" of the land. If I have 1 acre in Mayfair and you have 1 acre in the wilds of Scotland, you pay hell of a lot less, as your value is buttons to mine in Mayfair.

Fred proposes that the LVT is used for infrastructure, as this raises the value of land around it.

[ReptilianOverlord]

this has to be one if not thee most important video added to youtube concerning Britain!

a masterpiece.. thank you for the knowledge & for uploading

[railman01]

@ReptilianOverlord Fred Harrison is a hero and should be knighted. But it wont happen. The money grubbing MPs and Lords will see to that. One day there will be a financial revolution in this country and i sincerely hope that Fred is at its helm. Check out his other videos and have your eyes and mind opened, wide opened.