"There is another little tax called the increment tax. For the future what will happen? We mean to value all the land in the kingdom. And here you can draw no distinction between agricultural land and other land, for the simple reason that East and West Ham was agricultural land a few years ago. And if land goes up in the future by hundreds and thousands an acre through the efforts of the community, the community will get 20 per cent. of that increment."
More by David Lloyd George
See allResonant Thoughts
"The first fallacy of Communism is its attempt to over-simplify history. Marx and Engels attempted to change history from a fluid stream, fed by human activities from millions of tributaries, into a fi…"
Explore Further
Related Quotes
"I do not mean to suggest that all those who call themselves monetarists make this unconscious assumption th…"
— Henry Hazlitt"Diego is Diego and for me he is the greatest player of all time. Even after a million years I am not even g…"
— Lionel Messi"Time rolls his ceaseless course."
— Walter Scott"She told him she made a rule of never marrying bankers. The next day he sent flowers, and a note saying tha…"
— Clive Barker"In times of exceptional stress, nature will often give people's behavior so tragical a complexion that neit…"
— Stefan Zweig"Thanks to mass immigration, America has experienced greater demographic change in the last few decades than…"
— Tucker Carlson