Wednesday, March 21, 2012

Will mugging pensioners help lower house prices?

Budget 2012: A budget to bash baby-boomers

"Pensioners will pay £3.3bn more tax by 2016 to fund the fiscal “simplicity” promised by Chancellor George Osborne in Budget 2012". ( ...and higher stamp duties will reduce the settlement prices of mansions).

Posted by alan @ 10:08 PM (1946 views)
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19 thoughts on “Will mugging pensioners help lower house prices?

  • crash bandicoot says:

    Is it me or has everything gone Pete Tong on the blog today?

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  • If you tax country homes, you will simply get less of them. If you tax small family homes you will simply get less of them. So, since we are human and alive, maybe lets slash spending and cut taxes so that we get more stuff and are more satisfied.

    Oh, sorry, I forget, we need to pay big salaries for politicians to sit on their hind ends.

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  • crash bandicoot says:

    libertas,

    Clowns to the left of me, jokers to the right, here I am stuck in the middle with you… You are in the middle, aren’t you?

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  • @crash bandicoot – “Is it me or has everything gone Pete Tong on the blog today?” – nope it’s the first time I’ve been able to post anything on here today – hopefully normal service has been resumed.

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  • Looks like I spoke to soon ! it’s all gone Pete Tong again.

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  • Crash, the middle seeks a compromise between socialism and corporatism. I seek neither, preferring individual liberty, suggesting that “thou shalt not steal” applies to government as much as it does to private individuals. Therefore, it matters not whether loot stolen via taxation is handed to the people or, to corporations, it is still immoral because it is a form of theft that relies upon the use of brute force.

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  • markj69 str05 says:

    pete tong alright.

    It’s an absolute disgrace that whilst the poor and most needy continue to struggle, the cost of living continuing to increase and salaries deflating, unemployment soaring, austerity throughout the country, and yet the top1% of earners, the most wealthy are going to gain a 5% saving on tax paid above the £150k level.
    Shame on you Tories, shame on you libdems. How this ever got passed in time like this I will never know. Greedy selfish upper classes. Bring on the next election. Labours starting to look a bit more attractive.

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  • Strange thing is that no one notices the steady lowering of the 40% threshold at which higher rate tax is paid as their eyes are clouded by the action at the other ends of the spectrum i.e the 50% rubbish and personal tax allowances. Just over 30 years ago the only peeps who paid higher rate tax were camel coat wearing, glove handed, jaguar driving factory owners etc. At this rate if you live on your own or only have a single income in the family you will have to be a higher rate tax payer to buy a bog standard British semi!

    Look at all the petty tinkering with this ant that in the budget (and many others before it) and you soon realise that they are literally scraping around at the very bottom of the economic barrel. The cupboard is now bare and no further cash can literally be extorted from the people who actually work in this country without the whole shooting match going down the toilet at the next economic jolt.

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  • mark wadsworth says:

    Continuing Libertwat’s theme, if we were to tax land, then all the land would disappear. If we levied Business Rates, which is LVT for commercial land and buildings, then all the shops on the high street would relocate to the grubbiest parts of town, and all the supermarkets would start trading from the back of a van.

    Oh hang on, logic fail, fact fail.

    As to his “liberty” crapola, land ownership itself relies on brute force; land ownership and ‘the state’ (being a large number of individuals abiding by common rules and saving themselves the hassle of forming vigilante groups by delegating law enforcement to a tiny group of people) are quite simply synonymous. You cannot have a state without land ownership; you cannot have land ownership without the state, you cannot ‘own’ land without brute force and/or acquiesence of the majority – it is ‘everybody else’ who generates land values, not the ‘owner’.

    And without a stable society and ‘the rule of law’, land has no rental value. What would you rather ‘own’? A square mile of England or a square mile of Somalia or Afghanistan?

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  • enuii @8

    Hasn’t gone unnoticed.

    For 2012-13 the personal allowance increases by £630 and the higher rate band remains at £34,371.

    BUT….

    For 2013-14 the personal allowance increases again by £1,100 and the higher rate band drops by £2,126 to £32,245

    King John economics!

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  • Age related allowance hasnt gone unnoticed either – cant see Ros Altman letting this move drop quietly.

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  • mark wadsworth says:

    Ros Altman was on top form on the radio recently, she said that the whole credit bubble was the fault of young people selfishly borrowing money to drive up house prices and that it was pensioners who had to suffer. The role of NIMBYs, banks, Baby Boomers and politicians wanting an easy life in deliberately stoking the credit bubble, which was largely at the expense of young people, was not mentioned.

    Scroll to ten minutes in:

    http://www.bbc.co.uk/iplayer/console/b01dc915

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  • MW – thanks for the link – will take a listen when the Sun goes down.

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  • you know i have just been reading an old magazine i am listing on ebay to sell, it is a motor mag, the review show cars in 1965 did 35+ MPG so what is all this BS we are fed about fuel and cars getting more economical it looks to me not a lot has changed in over 40 years

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  • It’s the age of the cliche and newspeak: “open for business”, “tax simplification”, “rewarding work”. The only people who benefit are those on lowish incomes (but not too low – they really lose out), and then only by about 3 quid a week; and — and — the big earners, by several thousand a year. If that isn’t a deep corruption I don’t know what is.

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  • Five months of archives appear to have evaporated..

    Last govt run by baby-boomers..

    ..this govt run by post-baby-boomers

    Spot the difference..

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  • sibley's b'stard child says:

    Yes i’d noticed that UT, I presume the site went under maintainance yesterday; hopefully it’s just a temporary glitch.

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  • markj69 str05 says:

    Those that control the past (history), control the future! Is this the begining of the end! Prole city here we come.

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  • stillthinking says:

    If you tax pensioners you will simply get less of them.

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