Topic: | Re:Re:Re:Re:Re:Re:Re:Estate Agents against Mansion Tax Shock ! | |
Posted by: | Steve Gallant | |
Date/Time: | 29/09/14 20:36:00 |
IHT is woefully inadequate as a wealth tax because there are so many ways of avoiding it. And why shouldn't property assets be taxed anyway ? Inherited wealth is the biggest driver of inequality. 50% of the population have zero net worth...Nothing or even negative wealth. That's people on quite decent incomes, because it all goes on living costs. Their debts are bigger than their assets in many cases. And the situation is getting worse. But I guess theyre all lazy scroungers who don't work hard enough ? 50% of the population ! No its because they didn't get the right parents in the birth lottery. The top few percent own about 60% of the wealth and the other 40% is split between the 11th and 50th percentile. A mansion tax is a pitifully small step in the right direction. |