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Is "mansion Tax" The Return Of The Politics Of Envy?

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People generally expect services, therefore taxes are needed to be raised. Taxing wealth, especially property wealth, is more equitable and straightforward than taxing income or consumption.

However the current schemes are obfuscatory electioneering.

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No - its a return to ensuring someone who owns a £60m Hyde Park flat pays more in annual property tax (i.e. council tax) than a retired couple in a terraced house in Croydon. If the oligarch is a single bachlelor - he pays even less due to single person discount. That is what happens now - as council tax in Westminster is so low and that is obscene!

Ideally there should be the system they have in New York and we had pre 1988 - no upper cap on property taxes for high value properties. We need to end band H - and create Bands I, J, K and even Z for £100m houses! But no government has got the guts to go for a full revaluation - London and the southeast paying more and the rest of England less - so the mansion tax is the next best alternative.

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