The landlord who happens to own a plot of land on the outskirts of a great city … watches the busy population around him making the city larger, richer, more convenient. .. and all the while sits and does nothing. Roads are made … services are improved … water is brought from reservoirs one hundred miles off in the mountains and -all the while the landlord sits still … To not one of these improvements does the landlord monopolist contribute and yet by every one of them the value of his land is enhanced … At last the land becomes ripe for sale – that means the price is too tempting to be resisted any longer … In fact you may say that the unearned increment … is reaped by the land monopolist in exact proportion not to the service, but to the disservice done. - Winston Churchill during debates on the Finance Act 1910 telegraph.co.uk/finance/personalfinance/investing/buy-to-let/10865251/Former-Boots-boss-Buy-to-let-replaced-my-salary-in-four-years.html
Posted on: Thu, 05 Jun 2014 09:08:59 +0000
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