1 thought on “There are a wealth of benefits to be had from energy exploration”

  1. Posted 23/08/2014 at 20:41 | Permalink

    Severing common property rights is the wet dream of right wing extremists. Always has been, always will be. It puts unearned wealth in Land into the hands of a privileged minority. Which is how Monarchs rewarded feudal overlords. The answer to the problem posed by NIMBYs against fracking is 180 degrees opposite to what Meyer proposes. A 100% Land Value Tax automatically compensates those affected by changes in the spatial and economic environment. The market decides exactly who gets compensated and by how much. Meyers proposal increases deadweight costs, the burden of taxation on work and enterprise will be higher and another set of landlords receiving millions of pounds of unearned income will be created. LVT does the polar opposite, because it is the only moral way of raising State revenue.

Comments are closed.