Harsh lessons
Absent from Fiona Millar’s comments is recognition of the funding element. Sought-after schools push up local house prices so they seem ideal for testing the efficiency of Land Value Taxation, whereby the market values created by the school are channelled back into it via a simply administered tax on raised land prices or, even better, spread among schools in less prosperous areas.
It cannot be right that a school’s good teaching so much rewards nearby property owners when they sell up and leave.
DBC Reed
Labour Land Campaign