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Ricardo's Law: House Prices and the Great Tax Clawback Scam
 
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Ricardo's Law: House Prices and the Great Tax Clawback Scam (Hardcover)

by Fred Harrison (Author)
4.3 out of 5 stars  See all reviews (3 customer reviews)
RRP: £18.95
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Frequently Bought Together

Ricardo's Law: House Prices and the Great Tax Clawback Scam + Boom Bust: House Prices, Banking and the Depression of 2010 + The Silver Bullet
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Product details

  • Hardcover: 192 pages
  • Publisher: Shepheard-Walwyn (Publishers) Ltd (16 Oct 2006)
  • Language English
  • ISBN-10: 0856832413
  • ISBN-13: 978-0856832413
  • Product Dimensions: 23.4 x 16.2 x 3.8 cm
  • Average Customer Review: 4.3 out of 5 stars  See all reviews (3 customer reviews)
  • Amazon.co.uk Sales Rank: 317,120 in Books (See Bestsellers in Books)

    Popular in this category:

    #53 in  Books > Business, Finance & Law > Economics > Debt & Deficits

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Product Description

Review

"Presents a comprehensive assessment of Tony Blair's premiership and his Third Way Project." "--Journal of Economic Literature"


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.
See all Product Description

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Customer Reviews

3 Reviews
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 (1)
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Average Customer Review
4.3 out of 5 stars (3 customer reviews)
 
 
 
 
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6 of 6 people found the following review helpful:
5.0 out of 5 stars Why Tony Blair's 'Third Way' failed , 5 Jan 2007
By Bryan Kavanagh (Australia) - See all my reviews
(REAL NAME)   
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.
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5 of 6 people found the following review helpful:
5.0 out of 5 stars Ground breaking, 14 Feb 2007
By C. E. Bazlinton (UK) - See all my reviews
(REAL NAME)   
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


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1 of 1 people found the following review helpful:
3.0 out of 5 stars Harrison's Law, 1 Sep 2009
By Shane Slade (London, England) - See all my reviews
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 tax regime then the award of one star would be generous. Mr Harrison's analysis is that the poor are losers twice over under the current tax system. Not only is the progressive tax system now utilized unfair to them he says but that the rich are able to enjoy the unearned benefits of the inflation in land values.

These benefits belong to the community says Mr Harrison. He argues that if the land value was taxed it would bring billions of pounds into the exchequer annually and relieve everyone of a sizeable liability to the progressive income tax.

The faults with this reasoning are manifold. Firstly a purchaser of a desirable house will already pay heavy stamp duty and council tax so the community will have the benefit of this windfall. Death duties will also account for another slice of the house value for the benefit of the Government. The benefits of inflationary land values are somewhat illusory anyway as the cost of buying another house at inflationary prices will be equally high. House purchase is not always a one way street to amassing a fortune as those in negative equity will attest.

The final irony is that the scarcity of the desirable properties will ensure that it will still only be the rich who will be able to afford the plum Chelsea houses not the poor even if the latter are relieved from paying income tax.

In any event given any government's preponderance to waste money, I for one am not inclined to put more money their way. Bernard Shaw once said that if all the money in the world was shared out tomorrow it would be back in the same pockets in five years time that it was before the share out. Yes there are injustices under capitalism but the alternatives are almost always disastrous for everyone. This is just another false dawn.
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