This is Real Journalism; Land Ownership & "The Great Property Swindle"

Started by Dynamis, November 16, 2020, 05:47:03 AM

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Borg Refinery

https://www.newstatesman.com/life-and-society/2011/03/million-acres-land-ownership

What an article. I don't often come across such engrossing reads but this one is pretty brilliant.

It's long. Here is a damning quote -

QuoteThe result is that UK homes are both the smallest in Europe and the most expensive, with the land or site costing a vast proportion of the value of the dwelling. From the perspective of the 31 million people, or half the UK population, who pay direct taxes, what we are doing is in effect paying an inefficient business - the 325,000 "farmer" holders, or 0.5 per cent of the population - to keep hold of building land, further falsifying an already rigged market. The finer figures are worse. Only two-thirds of UK farms are owned; the other one-third is rented, mostly from the owners of the other two-thirds. In effect, the agriculture subsidy goes to the 0.36 per cent of the population that owns 70 per cent of the country.

If the 65,000 "farms" of under two acres are subtracted as economically meaningless, what you have is 50 per cent of the population, the taxpayers, paying 0.28 per cent of the population to hold the bulk of the country's landed assets and to make those plentiful assets scarce. The result is that the cost of a building site is two or three times what it should be for 70 per cent of the population. This is Britain's great property swindle.

It points once again to the superiority of the Scottish land laws, registry & systems and shows also what more democracy & accountability can do for your country. And we deserve that in England


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