Dave Wetzel on congestion charging and land value taxes

Dave Wetzel

12 Aug 2005 |
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To alleviate traffic woes in cenrtal London, Mayor Ken Livingstone instituted a congestion charge. Since it was put in place, traffic delays inside the charging zone are down, traffic circulating within the zone is down, and delays on main routes into the zone are down. Traffic outside the zone has not experienced any significant adverse impacts, as the majority of ex-car users have transferred to public transport. Safety has also improved under the plan.

Wetzel also proposes that land value taxes (replacing or greatly reducing income tax) would be good for business, good for those struggling to buy houses, and would force land to be used more efficiently.


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