Debate Magazine

Reader's Letter Of The Day

Posted on the 03 September 2015 by Markwadsworth @Mark_Wadsworth

From The Evening Standard. The letter won't be viewable online for a couple of days, because for some reason it is updated two days in arrears, go figure, but here is the original text as submitted:
If Thames Water was allowed to charge what the market would bear, they would enjoy excessive profits of the scale that London developers, home sellers and landlords do now. Surely a compelling case for heavy taxation or regulation of these monopoly profits?
A Land Value Tax would deal with the problem most efficiently but rent controls and a massive council housing building drive would provide some relief for UK renters and homebuyers. We have the shameful honor of the worst value housing in the world, clearly the market is utterly broken.
Joe Momberg, Young Peoples Party

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