Vince Cable is to be applauded…

Vince Cable is to be applauded (Confusion over plan to tax £1m properties as Clegg woos the left, 22 September) for widening the debate about taxation to include wealth, but his tax on big houses does not bear down on the unearned wealth that comes from the increase in land values created by society. In that sense a tax on land values is fairer, while also forcing developers sitting on banks of land with extant planning permissions to build and making infrastructure self-financing by recouping the rises in land values that infrastructure brings.

DBC Reed
Northampton