Recessions, poverty amid plenty and a solution in a eureka moment
Sir, I had a near economic eureka moment (Letters, September 21) when reading John Kay (and Mervyn King’s) textbook on taxation in the early 1980s. They were describing the unique advantages of the land tax proposed by Henry George in 1879. True enlightenment came when I read the real thing, Progress and Poverty.
It was George who had the eureka moment while investigating why there are recessions and poverty amid plenty and came up with the frighteningly simple solution: the collection of community-created land values for public revenue.
Labour Land Campaign