A Tad Stalinist – John McDonnell Insists Ex-Lehman Staff Can’t Have An Anniversary Party

We’ve always known that John McDonnell has more than a touch of the authoritarian about him. But this is merging into a full blown Stalinism here, as he insists – no, insists I tell ya’ – that the ex-staff of Lehman’s can’t meet up for drinkies on the tenth anniversary. Because disgusting failure of capitalism and reasons apparently.

That people in a free country can meet up for a drink for whatever reason they damn well want seems not to have impinged upon McDonnell’s thoughts.…

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John McDonnell Wants More Tax, Not A Land Value Tax

John McDonnell, the Shadow Chancellor, has indicated that he’s interested in a land value tax. Georgists everywhere celebrate and dance in the – publicly funded – streets. Except that’s not really what he’s saying at all. For the point about LVT is that it’s a more efficient method of raising the necessary revenue, not a method of raising more revenue. This is an important distinction:

A land tax, where a percentage of the value of the land is levied annually, is popular with some economists, who say it is a logical approach to taxing individual wealth.

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