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Labour Piggies Trying To Wiggle Out Of Mansion Tax Vow

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That didn't take long.

http://www.bbc.co.uk/news/uk-politics-30890924

Evidently, the new argument is to raise taxes even more on tenants and cap the amount due from billionaires by adding a few council tax bands rather than have a pro-rata tax on housing value.

He's right. The "mansion tax" proposal is a poor sticking-plaster on a broken system. The extra council tax bands are pretty similar, just a little less blunt. And the latter is the better proposal, because it's framed as progressive taxation rather than class warfare.

Neither of them comes anywhere near to a LVT. But they serve to distract the Chattering Classes from any such idea.

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He's right. The "mansion tax" proposal is a poor sticking-plaster on a broken system. The extra council tax bands are pretty similar, just a little less blunt. And the latter is the better proposal, because it's framed as progressive taxation rather than class warfare.

Neither of them comes anywhere near to a LVT. But they serve to distract the Chattering Classes from any such idea.

Council tax (even with extra bands added) is a less progressive tax than a flat tax on incomes, i.e. it isn't progressive at all. The mansion tax (while not as good of an idea as LVT) is far more progressive than council tax, and it would be charged against the owner of the asset, not tenants, who have reaped the benefits of the UK's dysfunctional housing policy .

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Council tax bands is ultimately the way to go but will take a while.

Clearly Mandy, in saying he prefers the Libdem policy, is looking to build the Labour/Lib relationsip (no downside for him) ahead of the election.

Theyll all be sucking Nicks c*ck by May.

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Council tax bands is ultimately the way to go but will take a while.

Clearly Mandy, in saying he prefers the Libdem policy, is looking to build the Labour/Lib relationsip (no downside for him) ahead of the election.

Theyll all be sucking Nicks c*ck by May.

A system based on fixed charges like the council tax is nothing but a gift to the wealthy. It's a tax on the middle-class (in it's broadest sense) where the rich are excused from paying their fair share. Because council tax is not assessed on a percentage basis of value, it is not progressive tax. Someone who owns a £100 million mansion in Mayfair, reaping the gains of central banker largesse, will pay the same as a tenant in a £2 million flat, which will still probably be less than someone living in a family home outside Southeast England. The idea that you can add a few extra bands to council tax and it's fundamental nature will change is simply moronic.

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Mandlescum isn't really labour. He is one of the architects of the new labour experiment.

I must have missed that news when Mandleson was expelled from the Labour Party.

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Council tax bands is ultimately the way to go but will take a while.

LESS TAX ,a small government/public sector and a free market where you are reward for productivity and wealth generation is ultimately the way to go.

Taking Taking Taking is why we are where we are now.

A radical change of thinking is needed.

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Mandlescum isn't really labour. He is one of the architects of the new labour experiment.

Ha...Glenda Jackson is as hard left labour as you can get...and is also opposed to it.

Labour only tax production...because if anyone hasnt noticed all their wealth is either inherited or rent seeking.

None of them ever build businesses from scratch...except maybe some parasitic 'consultancy' that gets 99% of its income from taxpayer.

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A system based on fixed charges like the council tax is nothing but a gift to the wealthy. It's a tax on the middle-class (in it's broadest sense) where the rich are excused from paying their fair share. Because council tax is not assessed on a percentage basis of value, it is not progressive tax. Someone who owns a £100 million mansion in Mayfair, reaping the gains of central banker largesse, will pay the same as a tenant in a £2 million flat, which will still probably be less than someone living in a family home outside Southeast England. The idea that you can add a few extra bands to council tax and it's fundamental nature will change is simply moronic.

It's still better to tax land values or implied land rental values, than income. And it's also better to introduce more council tax bands - economically and because 'mansion tax' tends to go down like a lead balloon. Whether they'll actually do it is another matter, but as has been discussed here before council tax is not a tax on tenants it's on the owners because however you split the cost of living in a place between rent & council tax the max affordability (market rent) doesn't change so if one goes up the other must go down.

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Mansion tax is only unpopular with rich journalists, celeb has-beens, and politicians.

Everyone else is too poor to afford even a normal house, never mind a mansion.

Unfortunately, since the opinion formers all oppose it, it probably means the masses will welcome its abandonment.

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He's right. The "mansion tax" proposal is a poor sticking-plaster on a broken system. The extra council tax bands are pretty similar, just a little less blunt. And the latter is the better proposal, because it's framed as progressive taxation rather than class warfare.

Neither of them comes anywhere near to a LVT. But they serve to distract the Chattering Classes from any such idea.

I somehow don't think Mandleson would be in favour of a LVT either.

The Blair era Labourites are looking increasingly out of touch with the new political reality.

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