{"id":18743,"date":"2012-12-31T08:37:05","date_gmt":"2012-12-31T08:37:05","guid":{"rendered":"http:\/\/www.taxresearch.org.uk\/Blog\/?p=18743"},"modified":"2012-12-31T08:37:05","modified_gmt":"2012-12-31T08:37:05","slug":"unless-we-tax-rent-seeking-society-will-fail","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2012\/12\/31\/unless-we-tax-rent-seeking-society-will-fail\/","title":{"rendered":"Unless we tax rent-seeking society will fail"},"content":{"rendered":"<p>As the <a href=\"http:\/\/www.ft.com\/cms\/s\/0\/f934497c-5299-11e2-aff0-00144feab49a.html#axzz2GcH5OgXA\" target=\"_blank\">FT notes this morning<\/a>:<\/p>\n<blockquote><p>France\u2019s Socialist government has vowed to continue squeezing the rich, despite the<a title=\"court tax\" href=\"http:\/\/www.ft.com\/cms\/s\/0\/d5846b16-51b2-11e2-abb6-00144feab49a.html\">rejection of its controversial 75 per cent tax rate<\/a>\u00a0by the country\u2019s constitutional council.<\/p><\/blockquote>\n<p>Quite right too, with the explanation coming from <a href=\"http:\/\/www.guardian.co.uk\/society\/2012\/dec\/30\/green-belt-housing-gamble\" target=\"_blank\">Phillip Inman in the Guardian<\/a>:<\/p>\n<blockquote><p>As Fred Harrison, research director of the London-based Land Research Trust, points out in his new book, The Traumatised Society, rent-seeking by a wealthy class of people hooked on accumulating even greater wealth is the cancer that has brought down many more civilisations than the present one.<\/p><\/blockquote>\n<div>\u00a0Those who will be subject to this rate of taxation are rent-seekers. No\u00a0one\u00a0can 'earn' that much otherwise. Addressing that rent-seeking behaviour is vital if society is to survive. In that case progressive tax on the rewards from rent-seeking is vital. It's as simple as that. The imbalances that rent-seeking is creating, in wealth, in income, in\u00a0opportunity\u00a0 in hope: all those\u00a0inequalities\u00a0will crush\u00a0society. There is no choice but address these issues, now.<\/div>\n","protected":false},"excerpt":{"rendered":"<p>As the FT notes this morning: France\u2019s Socialist government has vowed to continue squeezing the rich, despite therejection of its controversial 75 per cent tax<br \/><a class=\"moretag\" href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2012\/12\/31\/unless-we-tax-rent-seeking-society-will-fail\/\"><em> Read the full article&#8230;<\/em><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[],"class_list":["post-18743","post","type-post","status-publish","format-standard","hentry","category-economics"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/18743","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/comments?post=18743"}],"version-history":[{"count":0,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/18743\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=18743"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=18743"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=18743"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}