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Review
'This is the fundamental reason - why the welfare state of the past 60 years has not worked' The Guardian 'The argument for land value taxation is gaining ground among academics (although not politicians) and the book is a tour de force of the whole debate' Planning in London
James Robertson, Working for a Sane Alternative, Newsletter No 11 - December 2006
Along with Harrison's two other recent books, this one makes an
overwhelming case for treating land values as a major source of public
revenue, with equivalent offsetting reductions in today's economically
damaging taxes. ...I enthusiastically recommend this book. Apart from
everything else, it makes a splendid read and a wonderful quarry of
relevant information.
overwhelming case for treating land values as a major source of public
revenue, with equivalent offsetting reductions in today's economically
damaging taxes. ...I enthusiastically recommend this book. Apart from
everything else, it makes a splendid read and a wonderful quarry of
relevant information.
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Most Helpful Customer Reviews
10 of 10 people found the following review helpful
Format:Hardcover
If you have a disquieting feeling that something has gone radically awry with the governance of modern western society but can't quite put your finger on it, let me recommend this new book by Fred Harrison who emerges from its pages as a 21st century seer to fill a vast void in economic analysis.
Harrison's magnificent "Ricardo's Law, House Prices and the Great Tax Clawback Scam" pieces the evidence together to show how Tony Blair's Prime Ministership of the UK has failed the spatial dimension of good government. He takes us on an extraordinary journey from the centre of London northwards up the ancient Roman road through Lincoln and onwards to Hadrian's Wall. Amongst other compelling analyses along the route, he demonstrates how, in keeping with Ricardo's Law, wealth, house prices and the very length of life itself all decline through England's nine statistical divisions as we proceed northwards towards Hadrian's Wall and beyond, into Scotland.
Harrison demonstrates that although the real estate industry acknowledges "location, location, location", the failure of the Blair and other western governments to do so acts to handicap wealth creation and to marginalise those outside our major cities, and indeed, many people within them.
Harrison's case is incontrovertible. The book is a political breakthrough insofar as it shows that any politician claiming to represent the people simply cannot do so without an understanding of Ricardo's Law.
Harrison's magnificent "Ricardo's Law, House Prices and the Great Tax Clawback Scam" pieces the evidence together to show how Tony Blair's Prime Ministership of the UK has failed the spatial dimension of good government. He takes us on an extraordinary journey from the centre of London northwards up the ancient Roman road through Lincoln and onwards to Hadrian's Wall. Amongst other compelling analyses along the route, he demonstrates how, in keeping with Ricardo's Law, wealth, house prices and the very length of life itself all decline through England's nine statistical divisions as we proceed northwards towards Hadrian's Wall and beyond, into Scotland.
Harrison demonstrates that although the real estate industry acknowledges "location, location, location", the failure of the Blair and other western governments to do so acts to handicap wealth creation and to marginalise those outside our major cities, and indeed, many people within them.
Harrison's case is incontrovertible. The book is a political breakthrough insofar as it shows that any politician claiming to represent the people simply cannot do so without an understanding of Ricardo's Law.
6 of 6 people found the following review helpful
Format:Hardcover
Excellent. A must read for all intelligent people.
The words "Why Tony Blair's Projects Failed" and "SCAM" are tabloid to get you to take notice of a book written during an economic boom. Forget Blair, as Harrison highlights the "system" all governments work under criticising past regimes. Harrison proves there is a "systemic crisis", as whatever governments have done, economic injustice is still as rife as ever. He calls it "the hidden flaw of the market economy" - he believes all governments will keep making the same mistakes until rectified and history proves him right. Ricardo's Law tells us all, and it has been proven over a few centuries to be correct. Harrison stresses that the free market is not primarily to blame for boom and bust and uneven distribution of wealth. Fred explains how the economic growth of a community soaks into the ground and crystallizes as "land values". This is community created wealth and belongs to the community - socialized wealth. This wealth is pocketed by private individuals -tax free. Private wealth is socialized by taxation - income tax. Fred say it should be the other way around. Socialized wealth socialized and private wealth says private.
Fred simply proves that unless there is a taxation on the values of land to reclaim publicly created wealth, and eliminate income tax, we are destined to keep on the same treadmill making the same mistakes - governments continually firefight and do not tackle the root cause with many unable to identify the root cause. If the root cause is rectified, which is speculation in land that created two world-wide crashes in 1929 and 2008, then the system runs itself to a large degree.
I like the section on rich and poor taxation. On the surface it appears the rich are subsiding the poor, when realistically he proves it is the reverse. The tax relief on mortgages and the increased untaxed home values, means the state is funding them. Harrison identifies this as a scam, which few realise is.
Taxpayers money, extracted from private wealth, has paid for infrastructure (a lot is transport like rail networks, metro, etc) that has put billions onto values of the surrounding land. He points out, none of beneficiaries of these windfalls and permanent increased values, did nothing to create this wealth, or were made to contribute to the cost of the infrastructure. The book has startling examples of landowners walking off with millions because of investment by taxpayers money. Harrison gives the example of Sydney using land value taxation to fund the 2000 Olympics, reducing the taxpayers contribution significantly. London ignored it for 2012 Olympics.
This book simply and nicely explains the need for Georgism, the Land Value Taxation of US economist Henry George, giving examples that we are familiar with. Great read.
The words "Why Tony Blair's Projects Failed" and "SCAM" are tabloid to get you to take notice of a book written during an economic boom. Forget Blair, as Harrison highlights the "system" all governments work under criticising past regimes. Harrison proves there is a "systemic crisis", as whatever governments have done, economic injustice is still as rife as ever. He calls it "the hidden flaw of the market economy" - he believes all governments will keep making the same mistakes until rectified and history proves him right. Ricardo's Law tells us all, and it has been proven over a few centuries to be correct. Harrison stresses that the free market is not primarily to blame for boom and bust and uneven distribution of wealth. Fred explains how the economic growth of a community soaks into the ground and crystallizes as "land values". This is community created wealth and belongs to the community - socialized wealth. This wealth is pocketed by private individuals -tax free. Private wealth is socialized by taxation - income tax. Fred say it should be the other way around. Socialized wealth socialized and private wealth says private.
Fred simply proves that unless there is a taxation on the values of land to reclaim publicly created wealth, and eliminate income tax, we are destined to keep on the same treadmill making the same mistakes - governments continually firefight and do not tackle the root cause with many unable to identify the root cause. If the root cause is rectified, which is speculation in land that created two world-wide crashes in 1929 and 2008, then the system runs itself to a large degree.
I like the section on rich and poor taxation. On the surface it appears the rich are subsiding the poor, when realistically he proves it is the reverse. The tax relief on mortgages and the increased untaxed home values, means the state is funding them. Harrison identifies this as a scam, which few realise is.
Taxpayers money, extracted from private wealth, has paid for infrastructure (a lot is transport like rail networks, metro, etc) that has put billions onto values of the surrounding land. He points out, none of beneficiaries of these windfalls and permanent increased values, did nothing to create this wealth, or were made to contribute to the cost of the infrastructure. The book has startling examples of landowners walking off with millions because of investment by taxpayers money. Harrison gives the example of Sydney using land value taxation to fund the 2000 Olympics, reducing the taxpayers contribution significantly. London ignored it for 2012 Olympics.
This book simply and nicely explains the need for Georgism, the Land Value Taxation of US economist Henry George, giving examples that we are familiar with. Great read.
10 of 11 people found the following review helpful
Format:Hardcover
Occasionally you come across a book that shows you how to look at familiar things in a new way. The blurry confusion of some aspects of modern life suddenly come into a clear focus. Ricardo's Law is such a book. It explains why the gap between rich and poor does not seem to shrink despite a booming economy and high tax bills to pay for welfare. It shows why certain parts of the UK have always been poorer and gives an historical understanding of why this has happened and what needs to be done to change it. It uses international research, it is right up to date in terms of government policy and it uses established economic ideas. It is easily understandable and very readable, but having said that your presuppositions will probably be challenged throughout. If you understand what it is saying, you will read the news and current affairs in a quite different way from then on.
Will we leave a much fairer society to our children and grandchildren? Having read this book you will see how it might be done.
Reviewed by Charles Bazlinton author: The Free Lunch - Fairness with Freedom
Will we leave a much fairer society to our children and grandchildren? Having read this book you will see how it might be done.
Reviewed by Charles Bazlinton author: The Free Lunch - Fairness with Freedom
Most Recent Customer Reviews
Brilliant. Simply the most revelatory economic/political book I've...
If you'd told me before I'd read this that it would have me, as a lefty, convinced that the best thing we could do for the poor would be to abolish income tax and start to... Read more
Published 23 months ago by Dr. A. Hussain
Harrison's Law
I have awarded three stars for both the effort and the interesting historical economic research. If I were to award stars for the author's conclusions and recommendation for a new... Read more
Published on 1 Sep 2009 by Shane Slade
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