Reflections on ‘land value recovery’ for UK rural areas, and its implications for housing affordability, wealth-building, rural land use, and community wellbeing
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引用次数: 0
Abstract
Unimproved land values are produced through the agglomeration of human activity and by public investments, in critical infrastructure, that happen over generations. Following enclosure, those values are captured as rent by private landowners. This paper explores the logic and justice of ‘land value recovery’ in rural areas, achieved through a transference of tax liability from wages and productivity to land. After introducing relevant aspects of the current tax system in the UK and detailing the challenges faced by rural areas, it offers reflections on how land value recovery might impact on key challenges, centered on housing, farming and wider land-use, before peering into the ‘Pandora's box’ of broader economic implications of recovering land values. The paper concludes on the benefits for rural areas of socializing the rents produced by broader socio-economic activity.
期刊介绍:
Habitat International is dedicated to the study of urban and rural human settlements: their planning, design, production and management. Its main focus is on urbanisation in its broadest sense in the developing world. However, increasingly the interrelationships and linkages between cities and towns in the developing and developed worlds are becoming apparent and solutions to the problems that result are urgently required. The economic, social, technological and political systems of the world are intertwined and changes in one region almost always affect other regions.