Thursday, September 15, 2011
They don’t like it up ’em
A veritable feast of Homey special pleading, they don't just play the "Poor Widow Bogey", they play the "Poor High Earner Who Bought Last Year Bogey". This is how contorted their logic is. The high earner will be delighted if they get rid of the 50p top rate, he'll save far more from that tax being scrapped (and rightly so IHMBO) than he'll ever pay extra in Mansion Tax. And they insist on describing land values as "wealth", it's not "wealth" any more than the entitlement of poor people to welfare is "wealth". Neither land rental values nor a welfare entitlement is "wealth", they are "entitlements", which can only exist if others are paying in or being made poorer somehow (via tax system or via land market or both).