Andy Burnham Superman - can he defeat the super villains he has released?
The Land That Nobody Wants to Tax: Andy Burnham, LVT, and the War Against Rent-Seekers There is an idea so economically sound, so empirically vindicated, and so politically radioactive that it surfaces reliably only when politicians have nothing left to lose. Andy Burnham, launching his tilt at the Labour leadership from a Makerfield campaign event, has reached for it again: a land value tax. He first proposed it during his failed 2010 leadership bid, calling it “an idea so old Labour it can be traced back to Thomas Paine.” Now, fifteen years on, he is back. The question is not whether Burnham is right about LVT. He almost certainly is. The question is whether he understands the forces that will be mobilised against him, and whether the British political system is structurally capable of implementing the one tax reform that could genuinely transform the country’s economic prospects. The Simplest Idea in Economics A land value tax is, at its core, disarmingly simple. Unlike in...