Topic: | Estate Agents against Mansion Tax Shock ! | |
Posted by: | Steve Gallant | |
Date/Time: | 29/09/14 12:04:00 |
I'm in favour of a "mansion tax". Its obscene owners of £40m apartments pay the same property tax as people in modest houses. And yes, even those who bought their homes for £9k and now worth £3m should pay it. They are sitting on £3m of untaxed unearned capital. Taxing this capital to pay towards the NHS funding is lot fairer than the Govts plans of cutting everything else ! This accumulation of capital by the better off, especially older people is a big driver of the increased inequality we now see as the result of 30 years of Thatcherist policies on tax. Taxing the value above £2m is but a small contribution to addressing that inequality in society. |