Churchill knew how to solve the housing crisis
Writing for Prospect, Centre for Progressive Capitalism director Thomas Aubrey argues that the answer to Britain’s housing crisis lies in land value capture, something that Winston Churchill wrote about.
Aubrey notes that Churchill “confronted the issue of landowners benefitting financially from the productive work of others. As the demand for housing and business properties increased, the rewards of rising land values flowed to the landowners at the expense of taxpayers. Crucially he noted this also resulted in a loss of competitiveness to the nation. Not that much has changed since Churchill wrote this back in 1909, except that this latter problem has become ever more acute.”
The image is ‘Winston Churchill at a conference in Quebec – NARA – 197118’ by an unknown photographyer, published via Wikimedia Commons