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London's Mayfair and other areas are going dark from empty residences and local retail businesses are suffering from lack of walk-in trade, caused by foreign of
by gPphX 11y ago
London's Mayfair and other areas are going dark from empty residences and local retail businesses are suffering from lack of walk-in trade, caused by foreign officials laundering billions, stolen from their governments.
- eru 11y agoHow to do something about it: http://www.economist.com/blogs/freeexchange/2015/04/land-value-tax http://www.economist.com/blogs/freeexchange/2015/04/land-val... Of course, keeping an eye on the money flows themselves will help.
- to3m 11y agoAs an additional interesting (?) link, a (UK-focused) blog featuring rebuttals of common arguments against a land value tax: http://kaalvtn.blogspot.co.uk/p/index.html http://kaalvtn.blogspot.co.uk/p/index.html
- eru 11y agoThanks. A very interesting page. Alas, their proposal is too reasonable to ever get traction.