In an era where Britain's prosperity is under sustained attack, from a broken tax system that punishes work and rewards monopoly, and from a political class that treats this country as an economic zone rather than the home of a people, we present a bolder vision.
Look honestly at the country's trajectory. A generation ago the typical home cost around three times the average wage; today it is closer to nine. Homeownership among the under-35s has collapsed from over half to under two-fifths. Real wages are barely higher than they were in 2008. British women now have barely 1.4 children each, the lowest on record and well short of replacement. Family life has become unaffordable. Hospital waiting lists run into the millions. Britain has not stood still; we are in freefall.
This is what happens when a nation ceases to incentivise its own future betterment, ceases to reward its producers and workers, instead falling prey to an extractive rentier class disconnected with its wider long-term health. Every policy is lobbied on and shaped to enable private capture of public expenditure, and where spending does improve things, these benefits are sold back to us in higher rents and higher mortgages. Every effort at redress is blocked by the same rentier class. Work is taxed to the bone, the concept of monopoly and economic rent is hidden from language and thought, and decisions about our economy, our borders and our laws are taken to serve the British people last. It will not change until the ground under it does.
And the two solutions on offer both lead back to the same place. One is the Thatcherite mindset that caused the boom, saw council homes sold and rarely replaced, Council Tax fixed to 1991 valuations, buy-to-let given the same lending terms as a home to live in, and credit loosened until the mortgage rather than the wage set the price of a site. Its clients are the banks, the landlords, and developers whose balance sheets these booms engorge. The other is the failed philosophy of socialist tax and spend, courting entrenched public sector interests, dependents and suppliers, alongside newcomers as a voting bloc- all while doing nothing about the ground they would live on. Its clients are the public-sector unions, the state's contractors and the growing parallel societies of welfare dependent foreigners. Neither is truly hostile to the other; each keeps the other's clients fed. Housing benefit is paid to landlords, the state bidding up the price of housing against the group that pays for everything. Two opposite ideologies, one duopoly, one class that pays for it all: you- the productive British worker.
So we say: enough. Enough of taxes on wages, trade and enterprise, on everything British people make and do, while the value of the land beneath us, created by no owner, flows untaxed into private hands. Enough of a tax code that fines the productive and endows the idle. Enough of a housing market in which a young couple doing everything right cannot afford the country their grandparents bought on one wage.
Our remedy is simple, and it rests on a principle everyone already accepts: pay for what you use. So take up a good site and pay for it, as you would for anything else you use. One charge on the value of land, on every site, no exemptions and no freeloaders. In return, a dramatic reduction in all the taxes that penalise and discourage producers and workers- low and stable house prices- and a growing economy we can all benefit from.
If you want a revived Britain, where productive citizens come first, where wages are high because they are no longer taxed to feed rent, and where homes are affordable because land is no longer a hoarder's asset, then The Georgist Party of Britain is for you.