Milton Friedman

Of course the free market is a fraud. All it can be guaranteed to do is put up land and property prices, leaving consumers too skint after rent or mortgage payments to buy anything else. To be fair to Milton Friedman, he did realise this was an issue and that somebody had already thought it out. He wrote: “The least bad tax is the property tax on the unimproved value of land – the Henry George argument of many, many years ago.”

DBC Reed
Labour Land Campaign