Business rates are the closest thing that the UK has to land value taxation (yes, this is Henry George all over again: and just because an idea was promoted by a Dead White European Male doesn’t make it necessarily wrong) and is thus a good tax: it’s also the least distortionary tax possible.

It’s because of the power of corporations that the minimum wage remains so low, while executives cream off millions. It’s because of this power that instead of innovative taxation (such as a financial transactions tax and land value taxation) we have permanent austerity for the poor.