Uncategorised

Taxing land value is just another questionable tax

There has recently been much public debate about the introduction of a land value tax. To its supporters such a tax promises to achieve several goals simultaneously. On closer inspection, however, the arguments in favour of land value taxation are not convincing. On the contrary, the economic foundations on which proponents of this tax rely are dubious, and there are significant legal, moral and practical problems with land value taxation.

[…]

Uncategorised

A property-owning oligarchy?

The British seem to be fixated with house prices and follow the development of the property market like the weather report or the latest football results. Prices have been going up and up in the past, and if annual house price inflation occasionally drops to a mere five or six per cent, one can already hear commentators becoming fearful of a slump.

[…]

Uncategorised

Climate change – scepticism and science as drivers of progress

It should be apparent that climate change is an issue that requires a serious scientific, political and economic discussion to which unfortunately there are no convenient shortcuts. Because of this, it is not helpful that the public discussion is too often dominated by scare stories, simplified and often distorted facts and the pretence of a consensus which encompasses everything from the reasons of climate change to the necessary answers to it.

[…]

Uncategorised

Every year, 13,000 pages of new laws

While there is a need for new laws, the best laws are those for which there is a clear necessity and which are easy to understand and apply. While such laws will come at an economic cost, the benefits will outweigh it. Laws that do not fulfil these criteria are likely to be of little use at best and, at worst, extremely costly.

[…]

Uncategorised

Sonderfall London

Die Stadtregion London versucht kommunale Demokratie mit den Erfordernissen des Managements einer global vernetzten Metropole zu verbinden. Die gegenwärtige Lösung vermag nicht zu befriedigen.

[…]

Uncategorised

Rising house prices: Nothing to boast about

We believe that implementing both reforms – of the planning system and of local government finance – would make the supply of housing more flexible and deliver the kind of well-designed, spacious, affordable housing in green cities which the citizens of Germany or Switzerland take for granted. We hope that it is not too late to change a system that, to date, has nothing better to boast about than ever-rising house prices.

[…]

Uncategorised

Weatherproofing African economies against climate change

This means that climate change need not be disastrous for Africa. But to deal with it when it occurs, Africans need the institutions of the free society on which their agriculture and their economies can grow. Just like Australians did, with the rule of law, property rights and free markets, Africans too could build weatherproof economies.

[…]

Uncategorised

Airy claims for natural energy

In truth, Germany’s wind-energy promotion has not only been economically damaging, even the ecological gains are a chimera. If wind really is the energy of the future it must prove itself in the market without subsidies. And this has yet to happen. Decisions are being made on the basis of artificial models with hidden costs for taxpayers and consumers.

[…]