No, land value tax. CGT hits all investments like start ups and enterprise. We want more of that, not less. Investment in land, on the other hand, is strangling the nation. Economically and socially. Land can’t be offshored or hidden in the Seychelles. Tax the shit out of land and watch house prices and rent tumble. It also encourages efficient use of land, meaning we see higher density housing close to industrial hubs. This means more affordable and more efficient public transport, and more people able to live closer to work.
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