robertogreco + propertytax   2

Tax property, not people, for a fairer society | Business | The Guardian
"Levies on land values do not depress or distort wealth creation and are easy to assess, cheap to collect and hard to avoid"<br />
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"So not only do we get a tax that is easy and cheap to collect, it would be difficult for the super rich to avoid with their offshore trusts and company ownership structures, and it would also lower the value of the asset that is stifling social mobility – property."
2011  taxes  taxation  propertytax  property  land  society  fairness  wealth  power  control  vat  europe  oecd  lvt  landvaluetax  from delicious
may 2011 by robertogreco
Lessons from California: The perils of extreme democracy | The Economist
"California cannot pass timely budgets even in good years, which is one reason why its credit rating has, in one generation, fallen from one of the best to absolute worst among 50 states. How can a place which has so much going for it…be so poorly governed?

It is tempting to accuse those doing the governing. The legislators, hyperpartisan & usually deadlocked, are a pretty rum bunch. The governor, Jerry Brown, who also led the state between 1975 & 1983, has (like his predecessors) struggled to make the executive branch work. But as our special report this week argues, the main culprit has been direct democracy: recalls, in which Californians fire elected officials in mid-term; referendums, in which they can reject acts of their legislature; and especially initiatives, in which the voters write their own rules. Since 1978, when Proposition 13 lowered property-tax rates, hundreds of initiatives have been approved on subjects from education to the regulation of chicken coops."
california  2011  directdemocracy  democracy  government  initiatives  proposition13  jerrybrown  handstied  deadlock  referendums  taxes  budget  creditrating  education  policy  politics  1978  propertytax  money  switzerland  classideas  representativedemocracy  from delicious
april 2011 by robertogreco

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