Tuesday, October 5, 2010

Meet the new boss, same as the old boss, won’t get fooled again

'Red Ed' Miliband lives in £1.6m house after shrewd property moves

Ed Miliband has made a series of shrewd moves in the housing market, which have made him more than £100,000 in profit and taken him to a £1.6million house in a leafy area of north London. As he is not married to his girlfriend, he is also eligible for a lucrative tax perk if he chooses to sell a house in the future. Mr Miliband, 40, got his first foot on the property ladder when he was given a stake in his childhood home in Primrose Hill, north London.

Posted by drewster @ 01:16 AM (1478 views)
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20 thoughts on “Meet the new boss, same as the old boss, won’t get fooled again

  • The taxpayer is paying off politicians mortgages and propping up their investments whilst paying their wages for the privilege.

    How much longer before houseprices are affordable again? Their all Michael Heseltines now.

    Let England bloody collapse, I have my investments to protect.

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  • “… when he was given a stake in his childhood home in Primrose Hill”

    So the leader of the party that best represents working people inherited his family home? I hope no-one is surprised.

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  • slartibartfast says:

    We can rule out Labour closing tax avoidance loopholes for the rich.

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  • so what? are socialists not allowed to be wealthy?

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  • phdinbubbles says:

    “He may have been nicknamed “Red Ed” for his left-wing views but Labour’s new leader clearly does not agree with the revolutionary theory that property is theft.”

    Puerile in the extreme. When has it ever been labour party policy that property is theft? The slogan was created by an anarchist and even Marx thought it was a bit daft.

    All the article shows is the level of understanding of the writer anyway – talking about profits from selling houses without considering that the price of the place being bought might have gone up. It, unintentionally, shows how overinflated prices are in London, demonstrates how it’s a lot easier to trade places if you bought in quite a while ago and demonstrates the writer’s obsession with house prices, but other than that I’m struggling to understand what the point of the article is.

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  • slartibartfast says:

    Socialists can be wealthy, although the ideology suggests they are interested in more equitable distribution of wealth. The socialist title wouldn’t sit well with an ultra wealthy monopolist slave owner.

    Why so snappy, it’s a comment against hypocracy and vested interests.

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  • so what? are socialists not allowed to be wealthy?

    If socialists really believed in the distribution of wealth, why don’t they help the process by giving some or all of their money away?

    Most people I know who are fervently socialist, are only socialists because it’s the only chance they have got to acquire wealth.

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  • slartibartfast says:

    Puerile is a term used often by those attempting to maintain an air of intellectual superiority. Childish would be an easier term to digest.

    From Wikipedia, the inventor of the phrase. claims in his memoirs.

    Property is theft! The intention was to lodge a protest, to highlight, so to speak, the inanity of our institutions. At the time, that was my sole concern. Also, in the memorandum in which I demonstrated that startling proposition using simple arithmetic, I took care to speak out against any communist conclusion.

    Property is theft! is a slogan coined by French anarchist Pierre-Joseph Proudhon in his 1840 book What is Property? Or, an Inquiry into the Principle of Right and of Government.

    The concept of heredity land ownership should not an undeniable human right by any popular humanitarian measure. In fact it is responsible for great inequality and suffering through the ages. I am very fond of Mark and the LVT proposals.

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  • slartibartfast says:

    hpwatcher,

    You are so extreme in your views. Unless you are in the top 3% of society you are benefitting from socialist ideals and redistribution of wealth.

    I doubt your family had established wealth in the early part of the century. Were it not for the socialist movement in England. It’s a reasonable bet to say you would be living in a squalid slum somewhere, without access to good education or capital resources.

    You must have played the game of Monopoly. Capital levers further capital gains ad infinitum. There is only one winner eventually, look upon wealth distribution as a means of keeping the playing field more level.

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  • If our money is being stolen, through QE, Low IR, increased taxes, mortgate relief, to pay for this toxic mortgage debt, to bail out the banks. In effect, our money is being de-valued and stolen to pay for other peoples houses.
    Whilst keeping us in debt slavery

    This is is not a ‘socialist’ act.

    The Labour party has implemented policies which support one section of a society, to the extreme detriment of another section of that society [via blatant theft and cronyism]

    The most notable characteristic of a FASCIST ideology is the separation and persecution or denial of equality to a specific segment of the population.

    The preferred class lives in relative comfort, while the oppressed class lives in a Facist state.

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  • phdinbubbles says:

    @slartibartfast
    “Puerile is a term used often by those attempting to maintain an air of intellectual superiority.”

    WTF?
    Puerile is a word, that’s all. Have you got some evidence or reasoning to back up your sweeping statement?

    Regardless of the historical context of ‘property is theft’, has anyone heard Ed Miliband say this?

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  • Maybe Ed is saving for his children’s private education.

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  • @ slartibartfastYou are so extreme in your views. Unless you are in the top 3% of society you are benefitting from socialist ideals and redistribution of wealth.

    Funny to be labeled an extremist, for questioning a very wealthy socialist, by someone who is clearly quite extreme in the labels they apply to others.

    I’m not sure you really belong on this site, as I don’t think a HPC will really be your thing – as in a HPC there needs to people who lose their homes – could you really look yourself in the eye if you had gained a house/home due to someone else losing theirs?

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  • slartibartfast says:

    hpwatcher,

    Sorry to touch a nerve. You are off the mark with my motives.

    phdinbubbles

    It’s a less common word than childish. I’m just expressing an opinion.

    Ok, so I came on a tad strong. I’m ignoring newbie etiquette….. My bad… respect???

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  • Sorry to touch a nerve. You are off the mark with my motives.

    Not touching a nerve at all. Just trying to understand where you are coming from.

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  • “‘m not sure you really belong on this site” – since we have just won the Ryder cup, i will use a golfing term.

    Par for the course i am afraid. Really Hpw this site is a debating forum, this is not the first time you have questioned someone’s right of expression, sadly probably wont be the last. If someone had posted that about you, wouldnt you feel some indignation?

    I think we should welcome all views, and debate them accordingly. As for socialists giving away all their wealth because they are socialists – thats just daft. I can see no inconsistency in believing in a fair distribution of wealth whilst at the same time being wealthy.

    The debate should be focused on what is “fair”.

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  • slartibartfast says:

    I’ve been living abroad and working hard for some time. I’d like to come home and afford more than an outside toilet. I’m kind of destitute abroad.

    I’d like to see house prices down at least 10%. I don’t want austerity to trash the economy and create more unemployment.

    I hate financiers with a vengeance. They need caging and controlling.

    I’d like blue collar and white collar workers to earn relatively more relative to directors, CEO’s and owners.

    I’d like small and medium businesses to have a chance against the MNC’s.

    etc

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  • Clive Goggins says:

    I think the point is would a true socialist avoid inheritance tax in this way? (The fact it was inherited from a so called maxist academic just makes it stranger still) especially a Red Ed has already stated that he wants higher taxes and lower cuts…so thats higher taxes for us then Ed – but not for you? Same as the so called lefty Abbott sending her kid to private school – one rule for them another for the proles!!

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  • Cheekie Charlie says:

    She owns a house. He owns a house. They get together sell their houses to buy one and then get married if they want to! Is’nt this the way of the world?

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  • orcusmaximus says:

    @paul said “…the leader of the party that best represents working people…

    Paul – we’re discussing Ed Miliband, not David Cameron.

    Labour represents the benefits class. not the working class. To represent the working class, your ideals should be to minimise income tax.

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