iamnumerate Posted August 7, 2017 Share Posted August 7, 2017 16 hours ago, Habitationi Bulla said: Funny how its Corbyns gang of so called crazy marxists who are the only people to have suggested such a capitalist policy. Neolib/Tory press went into over drive when they saw their way of exploiting the plebs was being mentioned. I never understand how its so acceptable to take half of someones wages in one of the varying forms of income tax, yet mention the above and its worse than swearing. The only problem was that they were going to make as an addition to income tax not a replacement! Quote Link to comment Share on other sites More sharing options...
Habitationi Bulla Posted August 7, 2017 Share Posted August 7, 2017 4 minutes ago, iamnumerate said: The only problem was that they were going to make as an addition to income tax not a replacement! Who knows with Corbyns lot, doing the sums doesnt seem to be something they're able or willing to do. Quote Link to comment Share on other sites More sharing options...
billy budd Posted August 7, 2017 Share Posted August 7, 2017 20 minutes ago, iamnumerate said: The only problem was that they were going to make as an addition to income tax not a replacement! The manifesto said that they would examine proposals for a Land Value Tax as a possible replacement for council tax and business rates. Replacing one type of property tax with a fairer one is an easier proposition for the voters to get their heads around than putting Income Tax or VAT into the mix. It's hard enough already with the Daily Mail and CCHQ dubbing it "Labour's Garden Tax" If LVT were to be introduced and it was seen to work well then perhaps it could be extended so that other taxes were also reduced. Quote Link to comment Share on other sites More sharing options...
iamnumerate Posted August 7, 2017 Share Posted August 7, 2017 3 minutes ago, billy budd said: The manifesto said that they would examine proposals for a Land Value Tax as a possible replacement for council tax and business rates. Replacing one type of property tax with a fairer one is an easier proposition for the voters to get their heads around than putting Income Tax or VAT into the mix. It's hard enough already with the Daily Mail and CCHQ dubbing it "Labour's Garden Tax" If LVT were to be introduced and it was seen to work well then perhaps it could be extended so that other taxes were also reduced. Fair point, it looks like both Labour and the Tories were too honest this time for their own good (May with the dementia proposals). I fear this will not happen again. Quote Link to comment Share on other sites More sharing options...
Cosmic Apple Posted August 7, 2017 Share Posted August 7, 2017 1 hour ago, Habitationi Bulla said: Who knows with Corbyns lot, doing the sums doesnt seem to be something they're able or willing to do. They tried but abbot ran out of fingers and toes at 24teen. Quote Link to comment Share on other sites More sharing options...
iamnumerate Posted August 7, 2017 Share Posted August 7, 2017 1 hour ago, billy budd said: The manifesto said that they would examine proposals for a Land Value Tax as a possible replacement for council tax and business rates. Replacing one type of property tax with a fairer one is an easier proposition for the voters to get their heads around than putting Income Tax or VAT into the mix. It's hard enough already with the Daily Mail and CCHQ dubbing it "Labour's Garden Tax" If LVT were to be introduced and it was seen to work well then perhaps it could be extended so that other taxes were also reduced. I think one problem Labour would have with LVT is would they either a) include it in the benefit cap or b') not do so and see people on benefits being forced to move because of LVT. I hope they would do (b) but sadly it is very unlikely. More likely people who work would have to move. Quote Link to comment Share on other sites More sharing options...
Richmond Posted August 7, 2017 Share Posted August 7, 2017 6 hours ago, Northern Welsh Midlander said: Have a mechanism for the old ladies to pay it from the estate? Wasnt there a similar policy at the last election? I don't remember it going down so well..... Quote Link to comment Share on other sites More sharing options...
Oh Well :( Posted August 7, 2017 Share Posted August 7, 2017 (edited) If you want lower house prices cut demand. Its that simple. The government takes far too much tax already and pisses it up the wall. Cut the population Build more houses Cut housing benefits which are underpinning rents as well. CGT on main residence is a very very stupid idea, how will anyone be able to afford to move? If the price falls you could offset your loss! Edited August 7, 2017 by Oh Well :( Quote Link to comment Share on other sites More sharing options...
iamnumerate Posted August 7, 2017 Share Posted August 7, 2017 8 minutes ago, Oh Well said: If you want lower house prices cut demand. Its that simple. The government takes far too much tax already and pisses it up the wall. Cut the population Build more houses Cut housing benefits which are underpinning rents as well. CGT on main residence is a very very stupid idea, how will anyone be able to afford to move? If the price falls you could offset your loss! +1, although I am not sure how we can cut the population, we could stop paying people to move here. Quote Link to comment Share on other sites More sharing options...
billy budd Posted August 7, 2017 Share Posted August 7, 2017 36 minutes ago, Oh Well said: CGT on main residence is a very very stupid idea, how will anyone be able to afford to move? If the price falls you could offset your loss! Seems to work in Germany. It's a well-debunked fallacy that HPI is due to "supply and demand". Did demand fall off massively in the 1990s? CGT on main residence is one change that could help to stop prices racing away ahead of incomes, as their special tax treatment makes it superficially attractive to mortgage yourself to the hilt rather than spend less on housing so you have money for other forms of saving and investment. If house price rises were no higher than general inflation then there would be little CGT to pay - you could even structure it so that CGT was only payable on increases above RPI/CPI Quote Link to comment Share on other sites More sharing options...
ThePrufeshanul Posted August 7, 2017 Share Posted August 7, 2017 Hmm, but if the crash comes surely there will be an even bigger hole in the public finances as there will be no CGT from homes. Imagine what the thread will look like if boomers start demanding a Capital Gains Refund from the loss of house value Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted August 7, 2017 Share Posted August 7, 2017 The establishment taxing the masses is the problem, not the solution. Quote Link to comment Share on other sites More sharing options...
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