Resource Extraction Tax

Started by Brian Kelly, Feb 03, 2022, 02:35 PM

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Brian Kelly

This idea stems from the late Robin Clunie's ideas and paper LIFE (land income for everyone).

Any resource which is exploited should be charged the relevant tax.

A basic principal that can remain almost endlessly flexible.

Land usage, energy, food, roads, rail, people.

Appropriate rates calculated. Laid out clearly in a policy document.

For example wind energy, produced in Scotland and used here is one thing, but created here and transported elsewhere is quite another.

Currently the South of England benefit from transmission charges, while we are made to pay for their consumption!
Charging an appropriate extraction tax could make this neutral, or even turn it to our favour.

Folk who look out their window to see a view marred by wind turbines should be recompensed, certainly compared to those who consume whiout having to have their view disturbed.

Companies reputedly avoiding tax should be charged for the resources they use here, and that includes people, customers.

If we develop this idea it can collect all sorts of tax and right so many wrongs.

Such funds should end income tax, allowing workers to determine where their hard earned wages are spent.

Lots to consider, but this is, perhaps, a way to end capitalism that may work.