SFR Group FoundationsHomes should be places to live, commercial property places to create wealth, neither should be things of speculative profit or loss.
People should be free to work for themselves or others without the clamp of taxation and bureaucracy.
The government should be run as a business for all citizens, its shareholders. Not as a charity for the very wealthy and very poor. It should serve all the people, not just bankers and landowners.
We want to help people start thinking more radically about this. To integrate and harmonise property rights, finance and taxation.
A robust policy option: LVC's.
The Systemic Fiscal Reform Group believes that any cure to the economic malaise must include development of an alternative to the private bank mortgage. From an economic perspective, the mortgage has three serious defects : - repayments are linked to interest rates rather than market value
- repayments benefit the finance sector rather than those providing the services to the land
- mortgages create new money as debt so are inflationary.
We are currently seeking Queens Counsel to investigate if the LVC can avoid changes to the law and statute through the use of rent charges. If so, they can be adopted immediately.
- is politically credible and mundane
- creates no windfall winners or losers
- does not collapse the financial system
We are proposing Location Value Charges (LVC's), a voluntary scheme meeting all these essential requirements, yet as simple to adopt as a regular mortgage.
LVC’s are a politically mundane, non windfall creating, stable financial policy for collecting the economic rent of land for public revenue.
By adopting LVC’s there is no longer a need for the following dependency cultures
- Collecting taxes on jobs, sales, profits, gifts, transactions, gains, inheritance
- Means-tested welfare
- Government debt
- Central bank
- State old-age pensions
- Poor energy supply
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The SFR Group. Who Are We?
The Systemic Fiscal Reform Group (SFR
Group) is a Cambridge based economics think tank studying
existing and alternative tax and welfare structures, their impact on
the efficiency and stability of the economy, and practical ways of
implementing them.
It is currently operated on a voluntary basis with no external funding.
Principles of SFR
We recognise that existing tax and welfare benefits are costly, inefficient and deeply harmful, and that, instead, the economic rent of land (location value) should be used for public revenue instead.
- the value of our land, the economic rent, is the natural source of revenue for government
- existing taxes are costly, inefficient and deeply harmful and should be abolished
- a Universal Citizens Dividend should be paid, a dividend from "UK PLC"
- creation of the money cannot be safely left in the hands of private banks
If these are principles that 'ring your bell' you probably ought to join us. Please call.
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