Religion & Spirituality1 min ago
Sol Campbell Made To Look At Bit Silly By Shadow Welsh Secretary
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Sol Campbell appears to be a very wealthy man, so he can't expect much in the way of sympathy here.
Sol Campbell appears to be a very wealthy man, so he can't expect much in the way of sympathy here.
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this proposed tax is a folly, has probably been given nil thought as to its consequences and is likely to alienate many "traditional" labour supporters. the house I lived in when young was bought by my parents in an outer London suburb in 1963 for around £1500. today, a neighbouring property is on the market for over a million. these are not "mansions", they are ordinary 1930s built family homes. labour appear to want to screw the life out of those who have the historical misfortune to live quite ordinary lives in what are now much sought after residential areas.
IMO such folk do not earn shedloads. They are paid shedloads. People who make fortunes tend to have found a way to get excessive income compared to other hard working folk.
Property taxes are wrong. It discriminates according to what one chooses to spend one's money on. Income tax is the best suggestion made as it asks one to contribute to the public kitty according to how well one's done out of society.
Property taxes are wrong. It discriminates according to what one chooses to spend one's money on. Income tax is the best suggestion made as it asks one to contribute to the public kitty according to how well one's done out of society.
The Sol Campbell's of the world are very much in the minority in owning a £25m house.
Mushroom is spot-on - comparatively modest houses are now fetching a premium due to their location.
The Mansion Tax though is buffoonery of the first order; this will affect many people who are asset rich cash poor, such as the elderly who may own a modest 3 bed-semi in a sought after area which over the decades they have owned it has appreciated to beyond the £2m mark. People will say they can sell their house to release the equity.....but why should they?
Quite simply this is a tax on having the temerity to live in London.
Mushroom is spot-on - comparatively modest houses are now fetching a premium due to their location.
The Mansion Tax though is buffoonery of the first order; this will affect many people who are asset rich cash poor, such as the elderly who may own a modest 3 bed-semi in a sought after area which over the decades they have owned it has appreciated to beyond the £2m mark. People will say they can sell their house to release the equity.....but why should they?
Quite simply this is a tax on having the temerity to live in London.
Bedroom tax or not tax, it's still money out of your pocket so matters not what it's called.
Yes Clover, if that is what he wishes to do. I'm sure another wealthy person would buy the place, pay the tax, and live where they want to; rather than emigrate to avoid paying back to the society they made their money in.
Yes Clover, if that is what he wishes to do. I'm sure another wealthy person would buy the place, pay the tax, and live where they want to; rather than emigrate to avoid paying back to the society they made their money in.
// Who was it said that the rich should be squeezed 'til the pips squeaked? //
it was Dennis Healey - now Lord Healey and over 90
This was all part of the sixties - politics of envy - and social engineering
If someone had something the then govt didnt like they would tax it until they didnt have it- confiscatory taxation
Oh that set me on a trip down Memory Lane
Wilsons [ a cabinet of all the talents according to Boobs Castle] policies didnt work and bankrupted the govt within 3 y
You/one needs to pay attention to the "tax base" = no of taxpayers who will pay that particular tax, as well as the rate - 95% !!
the take from a wealth tax of houses over £2m despite the fact oh heavens the whole of London will pay it and no one else - would be small.
Ah the days of the £18 000 suit - that is if you are taxed at 98% then you need 18k to get the 360 knicker the suit costs
it was Dennis Healey - now Lord Healey and over 90
This was all part of the sixties - politics of envy - and social engineering
If someone had something the then govt didnt like they would tax it until they didnt have it- confiscatory taxation
Oh that set me on a trip down Memory Lane
Wilsons [ a cabinet of all the talents according to Boobs Castle] policies didnt work and bankrupted the govt within 3 y
You/one needs to pay attention to the "tax base" = no of taxpayers who will pay that particular tax, as well as the rate - 95% !!
the take from a wealth tax of houses over £2m despite the fact oh heavens the whole of London will pay it and no one else - would be small.
Ah the days of the £18 000 suit - that is if you are taxed at 98% then you need 18k to get the 360 knicker the suit costs
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